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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 Calculate the cost per equivalent unit of conversion. Select one: O a. $3.49 O b. $4.44 O c. $2.93 O d. $4.71 e. $3.60 $ 60,000 65,850 $ 401,010 616,150 Units 42,000 144,000 186,000 38,500 $ 125,850 1,017,160 Direct materials Percent Complete 100% 100% M Conversion Percent Complete 55% 25%
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