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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.
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