Sparky Corporation Uses the Weighted-Average Method of Process Costing

question 151

Multiple Choice

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units:
Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $43,000.
Costs in beginning Work in Process - Conversion: $48,850.
Costs incurred in February - Direct Materials: $287,000.
Costs incurred in February - Conversion: $599,150.
Calculate the cost per equivalent unit of materials.

• A) $1.74
• B) $2.00
• C) $2.36
• D) $2.05
• E) $2.61

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Definitions:

Singular Propositions

Statements or propositions that refer to a single member of a class or an individual entity.

Existential Import

In logic, the implication that a statement assumes the existence of the subject it mentions.

Modern View

A contemporary perspective or interpretation on a topic, often differing significantly from traditional or historic stances.

Existential Import

Refers to the implication that a statement about a category has at least one member.