Business, 24.04.2020 15:19 sundaywallace6361

Sparky Corporation uses the weighted-average method of process costing. "Calculate the equivalent units of materials." The following information is available for February in its Molding Department: Units: Beginning Inventory: 36,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 132,000. Units completed and transferred out: 168,000. Ending Inventory: 35,500 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $54,000. Costs in beginning Work in Process - Conversion: $59,850. Costs incurred in February - Direct Materials: $298,000. Costs incurred in February - Conversion: $610,150.

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