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:

Standard Deviation

A statistical measure that quantifies the amount of variability or spread in a set of data points.

Range

The difference between the highest and lowest values in a set of numbers, indicating the extent of variation.

Interquartile Range

A measure of statistical dispersion, representing the difference between the 75th and 25th percentiles, or the middle 50% of a data set.

Outliers

Data points that lie far outside the range of the majority of a data set, deviating significantly from other observations.