Sparky Corporation Uses the FIFO Method of Process Costing

question 170

Multiple Choice

Sparky Corporation uses the FIFO 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 materials.

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

---

Definitions:

Rehabilitation

The process aimed at enabling individuals recovering from injury or disease to restore lost skills and return to daily life activities.

Social Worker

A professional dedicated to helping people solve and cope with problems in their everyday lives, often involving advocacy, support, and resource linkage.

Support Group

A group of people with common experiences or concerns who provide each other with encouragement, comfort, and advice.

Negative Feelings

Unpleasant or harmful emotions such as sadness, anger, or fear, which can affect an individual's mental health and well-being.