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109) 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.
Calculate the equivalent units of conversion.
A) 144,000 B) 110,000 C) 165,000 D) 140,000 E) 130,250
110) 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.
Calculate the cost per equivalent unit of materials.
A) $1.74 B) $2.05 C) $2.36 D) $2.00 E) $2.61
87
111) 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.
Calculate the cost per equivalent unit of conversion.
A) $5.45 B) $4.98 C) $4.50 D) $4.16 E) $4.60
92
112) Richards Corporation uses the weighted-average method of process costing. The following
information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to
conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
Calculate the equivalent units of materials.
A) 250,000 B) 342,000 C) 317,000 D) 333,000 E) 294,000
94
113) Richards Corporation uses the weighted-average method of process costing. The following
information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to
conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
Calculate the equivalent units of conversion.
A) 342,000 B) 294,000 C) 250,000 D) 333,000 E) 317,000
96
114) Richards Corporation uses the weighted-average method of process costing. The following
information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to
conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
Calculate the cost per equivalent unit of materials.
A) $2.33 B) $1.89 C) $2.00 D) $2.59 E) $2.20
