Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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: 199,000 Ending Inventory 39,000 units. 100% complete as to materials and 30% complete as to conversion Costs Costs in beginning Work in Process Direct Material: $61000. Costs in beginning Work in Process Conversion $66.850 Costs incurred in February. Direct Material: $305.000 Costs incurred in February. Conversion $617150 Calculate the equivalent units of conversion Multip coce 220.000 12:00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony

9th Edition

0131851225, 978-0131851221

More Books

Students also viewed these Accounting questions

Question

How does or how might the key public affect your organization?

Answered: 1 week ago