Sparky Corporation uses the FIFO method of process costing. The following Information is avallable for February in its Molding Department Units: Beginning Inventory: 31,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 116,000. Units completed and transferred out: 147,000. Ending inventory: 33,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs In beginning Work In Process - Direct Materials: $49,000. Costs In beginning Work In Process - Conversion: $54,850 Costs Incurred In February - Direct Materlals: $333,800. Costs Incurred In February-Conversion: $605,150. Calculate the cost per equivalent unlt of converslon. Multiple Choice $5.24 $3.48 Multiple Cholce $5.24 $3.48 $2.71 $3.71 $4.33 Luker Corporation uses a process costing system. The company had $166,500 of beginning Finished Goods Inventory on October 1. It transferred In $843,000. of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $164,200. The entry to account for the cost of goods sold In October is: Multiple Cholce Debr Costof Goods Sold $843,000 credt inshed Goods Inventory $84300o. Debit Cost of Goods Sold $845.300: credit Work In Process Inventory $845,300. Debit Finlshed Goods Inventory $843,000; credit Work In Process Inventory $843,000. Deblt Finished Goods Inventory $164.200; credit Cost of Goods Sold $164.200 Debit Cost of Goods Sold $845,300; credit Finished Goods Inventory $845,300. Sparky Corporation uses the FIFO method of process costing. The following Information is avallable for February in its Molding Department Units: Beginning inventory: 45,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 150,000. Units completed and transferred out: 195,000. Ending inventory: 40,000 units, 100% complete as to materials and 25% complete as to conversion. Costs: Costs In beginning Work In Process - Direct Materials: $63,000. Costs In beginning Work In Process - Conversion: $68,850. Costs Incurred In February - Direct Materials: $307,000. Costs Incurred In February -Conversion: $619,150 Calculate the equivalent units of materlals. Multiple Choice 275.000 245.000 Multiple Cholce