Sparky Corporation Uses the Weighted-Average Method of Process Costing

question 86

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 equivalent units of materials.

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

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Definitions:

Flagellated

Describes organisms or cells possessing one or more whip-like structures called flagella, used for movement.

Protista

A kingdom of diverse eukaryotic organisms, mostly unicellular, that are not animals, plants, or fungi, including algae, amoebas, and paramecia.

Eukaryotic Kingdoms

The classification categories in the biological taxonomy that comprise organisms with complex cells containing a nucleus, including plants, animals, fungi, and protists.

Unicellular

Consisting of a single cell, characteristic of organisms such as bacteria and many algae that perform all life processes within one cell.