Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning inventory: Units started and completed: Units completed and transferred out: Ending Inventory: Costs: $3,000 units, 100% complete as to materials and 52% complete as to conversion. 123,000. 158,000. $6,500 units, 100% complete as to materials and 27% complete as to conversion. Costs in beginning work in process direct $52,000. materials: Costs in beginning work in process conversion: Costs incurred in February - direct materials: Costs incurred in February - conversion: $56,850. $310,050. $616,150. Calculate the cost per equivalent unit of conversion.

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning inventory: Units started and completed: Units completed and transferred out: Ending Inventory: Costs: $3,000 units, 100% complete as to materials and 52% complete as to conversion. 123,000. 158,000. $6,500 units, 100% complete as to materials and 27% complete as to conversion. Costs in beginning work in process direct $52,000. materials: Costs in beginning work in process conversion: Costs incurred in February - direct materials: Costs incurred in February - conversion: $56,850. $310,050. $616,150. Calculate the cost per equivalent unit of conversion.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 17E: K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the...

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