Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department: Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Molding department follows. Direct materials Conversion Percent Units Percent Complete 25,000 100% Complete 55% 110,000 135,000 30,000 100% 30% Costs added this period Beginning work in process Direct materials Conversion Direct materials $ 43,000 48,850 $ 91,850 $ 287,000 Conversion 599,150 886,150 Calculate equivalent units of production for conversion. Multiple Choico 110.000 О 144.000 ○ 165.000 130,250 140,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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:
Beginning work in process inventory
Units started and completed
Units completed and transferred out
Ending work in process inventory
Production cost information for the Molding department follows.
Direct materials
Conversion Percent
Units
Percent Complete
25,000
100%
Complete
55%
110,000
135,000
30,000
100%
30%
Costs added this period
Beginning work in process
Direct materials
Conversion
Direct materials
$ 43,000
48,850
$ 91,850
$ 287,000
Conversion
599,150
886,150
Calculate equivalent units of production for conversion.
Multiple Choico
110.000
О
144.000
○ 165.000
130,250
140,000
Transcribed Image Text:Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department: Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Molding department follows. Direct materials Conversion Percent Units Percent Complete 25,000 100% Complete 55% 110,000 135,000 30,000 100% 30% Costs added this period Beginning work in process Direct materials Conversion Direct materials $ 43,000 48,850 $ 91,850 $ 287,000 Conversion 599,150 886,150 Calculate equivalent units of production for conversion. Multiple Choico 110.000 О 144.000 ○ 165.000 130,250 140,000
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