^2.

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is: Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 90,000 $165,600 2008 $438,000 $450,000 $ 820,800 Multiple Choice O Debit Accounts Receivable $820,800: credit Cost of Goods Sold $820,800. Debit Accounts Receivable $820,800; credit Sales $370,800; credit Finished Goods Inventory $450,000. Debit Cost of Goods Sold $450,000; credit Sales $450,000. Debit Finished Goods Inventory $450,000; debit Sales $820,800; credit Accounts Receivable $820,800; credit Cost of Goods Sold $450,000 Debit Accounts Receivable $820,800; credit Sales $820,800; debit Cost of Goods Sold $450,000; credit Finished Goods Inventory $450,000. Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 34,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 128,000. Units completed and transferred out: 162,000. Ending Inventory: 34,500 units, 100% complete as to materials and 35% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $52,000. Costs in beginning Work in Process - Conversion: $57,850. Costs incurred in February - Direct Materials: $349,625. Costs incurred in February - Conversion: $608,150. Calculate the cost per equivalent unit of conversion. Multiple Choice O $5.17 O $3.83 O O $3.39 O $4.12 o $4.75