Reference no: EM132182056
Question - Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:
Units:
Beginning Inventory: 27,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 114,000.
Units completed and transferred out: 141,000.
Ending Inventory: 31,000 units, 100% complete as to materials and 30% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $45,000.
Costs in beginning Work in Process - Conversion: $50,850.
Costs incurred in February - Direct Materials: $289,000.
Costs incurred in February - Conversion: $601,150.
Calculate the equivalent units of materials.
172,000
150,300
114,000
118,250
83,000
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