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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: Beginning Inventory: 25,000 units,
Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department Units: Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 110,000 Units completed and transferred out: 135,000 Ending inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process- Direct Materials: $43,000. Costs in beginning Work in Process Conversion: $48,850. Costs incurred in February- Direct Materials: $287,000. Costs incurred in February-Conversion: $599150. Calculate the cost per equivalent unit of conversion
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