Sparky Corporation uses the weighted-average method of process costing. The foll

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: 28,000 units, 100% complete as to materials and 60% complete as to conversion.
Units started and completed: 116,000.
Units completed and transferred out: 144,000.
Ending Inventory: 31,500 units, 100% complete as to materials and 25% complete as to conversion.

Costs:
Costs in beginning Work in Process - Direct Materials: $46,000.
Costs in beginning Work in Process - Conversion: $51,850.
Costs incurred in February - Direct Materials: $290,000.
Costs incurred in February - Conversion: $602,150.

Calculate the equivalent units of materials.

Explanation / Answer

Completed and Transferred Out 144,000 Ending WIP Direct materials (31,500 x 100%) 31,500 Equivalent units of production 175,500

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.