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: $599,150.

Required:
Calculate the equivalent units of conversion.

a. 110,000
b. 140,000
c. 144,000
d. 130,250
e. 165,000

Solution :

UNITS TO ACCOUNT FOR :

in Process units            $

in Process                  $

Total Units to account for                         $

UNITS TO BE ACCOUNTED FOR:

and transferred out       $

in Process                             $

to be accounted for                 $

                                       Material cost                        Conversion

                               % of completion  Units        % of completion      Units

                         $                      $        

and completed.

in Process                                

Therefore, the equivalent units of conversion is              

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