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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: Beginning work in process inventory
Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department: Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 57,000 Units 39,000 138,000 177,000 37,000 $ 380,100 613,150 62,850 $ 119,850 Calculate the cost per equivalent unit of direct materials. Direct materials. Conversion Percent Percent Complete 993,250 100% 100% Complete 60% 30%
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