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 Direct materials Percent Complete

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department:

Units Direct materials Percent Complete Conversion Percent Complete
Beginning work in process inventory 33,000 100% 60%
Units started and completed 130,000
Units completed and transferred out 163,000
Ending work in process inventory 35,000 100% 30%

Production cost information for the Molding department follows.

Beginning work in process
Direct materials $ 53,000
Conversion 58,850 $ 111,850
Costs added this period
Direct materials $ 297,000
Conversion 609,150 906,150

Calculate the equivalent units of production for direct materials.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions