Sparky Corporation Uses the Weighted-Average Method of Process Costing

question 16

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.
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Calculate the cost per equivalent unit of conversion.

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

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Definitions:

Genetic Influences

The impact of genes inherited from parents on an individual's traits, characteristics, and likelihood of developing certain conditions or diseases.

Phenotypic Plasticity

The ability of an organism to change its phenotype in response to changes in the environment.

Genetic Contributions

pertains to the influence of genes inherited from parents on various traits of an individual, including physical characteristics, health, and behavior.

Environmental Contributions

The influences from one's surroundings that affect development, behavior, or conditions, including social, physical, and cultural factors.