Business, 05.05.2020 22:34 lukels1983

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

Units:
Beginning Inventory: 31,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 122,000.
Units completed and transferred out: 153,000.
Ending Inventory: 33,000 units, 100% complete as to materials and 30% complete as to conversion.

Costs:
Costs in beginning Work in Process - Direct Materials: $49,000.
Costs in beginning Work in Process - Conversion: $54,850.
Costs incurred in February - Direct Materials: $293,000.
Costs incurred in February - Conversion: $605,150.

Required:
Calculate the equivalent units of materials.

Answers: 2

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Sparky Corporation uses the weighted-average method of process costing. The following information is...

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