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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 | 30,000 | 100% | 55% |
Units started and completed | 120,000 | ||
Units completed and transferred out | 150,000 | ||
Ending work in process inventory | 32,500 | 100% | 30% |
Production cost information for the Molding department follows.
Beginning work in process | ||
---|---|---|
Direct materials | $ 48,000 | |
Conversion | 53,850 | $ 101,850 |
Costs added this period | ||
Direct materials | $ 292,000 | |
Conversion | 604,150 | 896,150 |
Calculate equivalent units of production for conversion.
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