QUESTION 13

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning inventory: 43,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 146,000 Units completed and transferred out: 189,000. Ending inventory: 39,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $61,000. Costs in beginning Work in Process - Conversion: $66,850. Costs incurred in February - Direct Materials: $409,400. Costs incurred in February - Conversion: $617,150 Calculate the cost per equivalent unit of conversion. Multiple Choice $3.54 $4.65 $2.88 $4.34 $3.41