Question: please help 2 mc :/ Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:

please help 2 mc :/  please help 2 mc :/ Sparky Corporation uses the weighted-average method
of process costing. The following information is available for February in its
Molding Department: Units: Beginning Inventory: 30,000 units, 100% complete as to materials
and 55% complete as to conversion Units started and completed: 120,000 Units

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 30,000 units, 100% complete as to materials and 55% complete as to conversion Units started and completed: 120,000 Units completed and transferred out 150.000 Ending Inventory: 32,500 units, 100% complete as to materials and 30% complete as to conversion Costs Costs in beginning Work in Process Direct Materials: $48.000 Costs in beginning Work in Process - Conversion: $53,850. Costs incurred in February - Direct Materials: 5292.000 Costs incurred in February - Conversion: $604,150. Calculate the equivalent units of conversion 182,500 125,000 120,000 159,750 87.500 MC Qu. 150 Dazzle, Inc. produces beads... Dazzle Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for overhead allocation is: Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 107,000 $ 180,000 1638 $ 452,000 $ 464,000 $1,010,000 Debit Factory Overhead $293,400, Credit Cash $293.400. Debit Work in Process Inventory $180,000; credit Cash $180,000 Debit Work in Process Inventory $180,000; credit Factory Payroll $180,000, Debit Work in Process Inventory $293,400; credit Factory Overhead $293,400. Debit Work in Process inventory $180,000; credit Factory Overhead $180,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!