Sparky Corporation Uses the Weighted-Average Method of Process Costing

question 49

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 conversion.

• A)$4.60
• B)$4.50
• C)$4.16
• D)$4.98
• E)$5.45

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Definitions:

Amount of Time

The duration or span during which an event occurs or an action takes place.

Varies

To differ in size, amount, degree, or nature from something else in a group, set, or series.

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Verbal warnings or admonishments given to an employee for unsatisfactory performance or behavior.

Specific Behaviors

Particular actions or conduct exhibited by individuals in various situations, often observed to understand or predict psychological phenomena.