Sparky Corporation Uses the Weighted-Average Method of Process Costing

question 147

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 equivalent units of conversion.

• A)165,000
• B)130,250
• C)140,000
• D)144,000
• E)110,000

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Definitions:

Standpoint Theory

Theory that a person’s social position, power, or cultural background influences how the person perceives the behavior of others.

Implicit Personality Theory

Your unique set of beliefs and hypotheses about what people are like.

Impression Formation Theory

Theory that explains how you develop perceptions about people and how you maintain and use those perceptions to interpret their behaviors.

Correspondence Inference Theory

A psychological theory that explains how and why people draw inferences about the dispositional attributes of others based on observed behavior and its consequences.