Help Seve 8 Sparky Corporation uses the weighted-average method of process costi

Question

Help Seve 8 Sparky Corporation uses the weighted-average method of process costing The following information is avallable for F ebruary in its Molding Department 40 Units: Beginning Inventory 34,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 128,000 Units completed and transferred out. 162,000 Ending inventory: 34,500 units, 100% compete a s to materials and 35% compiete es to convesían. Costs Costs in beginning Work in Process - Direct Materials $52,000 Costs in beginning Work in Process -Conversion: $57,850 incurred in February- Direct Materials $349,625 Costs incurred in February - Conversion Calculate the cost per equivalent unit of conversion Multiple Choice $5.17 $3.83 $3 39 $4.12 $475

Explanation / Answer

40) Equivalent unit of conversion = 162000+(34500*35%) = 174075 unit

cost per equivalent unit of conversion = (57850+608150)/174075 = 3.83

So answer is b) 3.83

41) Equivalent unit of material = (84000*20%+254000*100%+32000*30%) = 280400 unit

so answer is c) 280400

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