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

Units:
Beginning Inventory: 31,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 122,000.
Units completed and transferred out: 153,000.
Ending Inventory: 33,000 units, 100% complete as to materials and 30% complete as to conversion.

Costs:
Costs in beginning Work in Process - Direct Materials: $49,000.
Costs in beginning Work in Process - Conversion: $54,850.
Costs incurred in February - Direct Materials: $293,000.
Costs incurred in February - Conversion: $605,150.

Required:
Calculate the equivalent units of materials.

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?