Help Save & Sparky Corporation uses the FIFO method of process cost ting. The fo

Question

Help Save & Sparky Corporation uses the FIFO method of process cost ting. The following information is available for Feh n its Molding Department Units: Beginning Inventory: 32,000 units, 100% com plete as to materials and 60% complete as to conversion. Units started and completed: 124,000 Units completed and transferred out: 156,000. Ending inventory: 33,500 units, 100% complete as to materials and 25% complete as to conversion Costs: Costs in beginning Work in Process - Direct Materials: $50.000 Costs in beginning Work in Process-Conversion: $55.850. Costs incurred in February - Direct Materials: $294,000. Costs incurred in February -Conversion: $606,150 Calculate the equivalent units of materials. Multiple Choice 223,000 197875 157,500 Next>

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Working:

                1,57,500

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