Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 40,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 140,000. Units completed and transferred out: 180,000. Ending Inventory: 37,500 units, 100% complete as to materials and 25% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $58,000. Costs in beginning Work in Process - Conversion: $63,850. Costs incurred in February - Direct Materials: $302,000. Costs incurred in February - Conversion: $614,150. Calculate the equivalent units of conversion.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On March 8, Black Candy Company bought supplies on account from the Arcade Fire Company for $550. Black Candy Company incorrectly debited Equipment for $500 and credited Accounts Payable for $500. The entries have been posted to the ledger.
Answers (1)
What term is used to describe the interest rate charged by the central bank when it makes loans to commercial banks?
Answers (1)
Financial risks are usually less than $100. a. True b. False
Answers (1)
A document prepared at the time of shipment indicating the description of the merchandise and other relevant data. It is a written contract of the receipt and shipment of goods between the seller and the freight carrier. This document is a: a.
Answers (1)
On September 1, 2017, Banner Co. borrowed $70,000 from the City Bank for five months at 9%. Interest was properly accrued on December 31, 2017. What entry is needed to record the payment of the note and accrued interest on the due date?
Answers (1)
New Questions in Business
In the united states today, what gives money its value?
Answers (2)
An employer has the right to monitor workers electronic communications if
Answers (1)
What is a kind of federal payroll tax A) Medicare tax B) sales tax C) property tax D) progressive tax
Answers (2)
The Rye Corporation has provided the following information: Total sales were $1,240,000. Beginning net accounts receivable was $49,000. Ending net accounts receivable was $63,000. Sales returns and allowances totaled $108,000.
Answers (1)
It's important to know whether you've paraphrased and cited source material for your paper correctly so you avoid plagiarism. Read the original quote below and the two attempts to paraphrase it.
Answers (1)