Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:

Units: Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion.

Costs:
Costs in beginning Work in Process - Direct Materials: $43,000.
Costs in beginning Work in Process - Conversion: $48,850.
Costs incurred in February - Direct Materials: $287,000.
Costs incurred in February - Conversion: $599,150.

Required:
Calculate the equivalent units of conversion.

a. 110,000
b. 140,000
c. 144,000
d. 130,250
e. 165,000

Question

05-07-2021
Business

Answered

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Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:

Units: Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion.

Costs:
Costs in beginning Work in Process - Direct Materials: $43,000.
Costs in beginning Work in Process - Conversion: $48,850.
Costs incurred in February - Direct Materials: $287,000.
Costs incurred in February - Conversion: $599,150.

Required:
Calculate the equivalent units of conversion.

a. 110,000
b. 140,000
c. 144,000
d. 130,250
e. 165,000

Sagot :

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