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Sparky Corporation uses the weighted-average method of process costing. The following information is available for...

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Accounting

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Sparky Corporation uses the weighted-average 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: $388,250. Costs incurred in February - Conversion: $614,150. Calculate the cost per equivalent unit of conversion Multiple Choice $3.58 O O $3.72 O $4.54 $4.82 $3.03

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