Question
Sparks company has the following cost and production data for the month of june . Work in process on June 1 are: Direct materials (100%
Sparks company has the following cost and production data for
the month of june . Work in process on June 1 are: Direct materials (100% complete)
$350,000, conversion costs (20% complete) $70,000. Costs incurred during production in
June : Direct materials $1,600,000; conversion costs $730,000. Units transferred out totaled
17,000; ending work in process was 1,000 units that are 100% complete as to materials and
30% complete as to conversion costs.
Compute for the following: 1. Total cost of transferred units transferred out 2. Total cost of Work in process, ending 3. Total unit costs 4. Equivalent units of production for conversion costs
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