Jucation.com/ext/map/indexhtml?con con&external browser=08/launchUrlhttps%253A%252F%252Flms.meducation.com252Fmghmiddleware produs U color - Google Search 1 3 Homework Saved -13 Required information [The following information applies to the questions displayed below.] Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process Direct materials are added at the beginning of the first process. During November, the first process transferred 765,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 209,000 units that are 60complete with respect to conversion. Beginning work in process inventory had $569790 of direct materials and $66.780 of conversion cost. The direct material cost added in November is $3.813.210, and the conversion cost added is $1.268.820 Beginning work in process consisted of 62.000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 62.000 were from beginning work in process and 703.000 units were started and completed during the period. 2. Compute both the direct material cost and the conversion cost per equivalent unit Conversion Cost per equivalent unit of production Costs of beginning work in process Costs incurred this period Total costs Equivalent unds of production Cost per equivalent unit of production (rounded to 2 decimals) Materials $ 509,790 3 813,210 $ 4,383.000 Costs EUP Costs EUP 0 e to search O I E neducation.com 52mghmiddlewar52Fimo Homework Seved [The following information applies to the questions displayed below! Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 765,000 units of product to the second process Additional information for the first process follows. At the end of November, work in process inventory consists of 209.000 units that are 60% complete with respect to conversion. Beginning work in process inventory had $569790 of direct materials and $66,780 of conversion cost. The direct material cost added in November is $3.813.210, and the conversion cost added is $1.268,820. Beginning work in process consisted of 62,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion of the units completed, 62,000 were from beginning work in process and 703,000 units were started and completed during the period. 3. Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending worker process inventory. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost Cost of units transferred out Direct materials Conversion Total cost transferred out Costs of ending work in process Direct materials Conversion Total costs of onding work in process Totalcasts account for EUP Cost per EUP Total cost $ O DOS 0 $ 0.00 Prey Next TE mo *
