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PLEASE HELP ASAP!! Required information Problem 3-1A (Static) Weighted average: Cost per equivalent unit; costs assigned to products LO P1 [The following information applies to
PLEASE HELP ASAP!!
Required information Problem 3-1A (Static) Weighted average: Cost per equivalent unit; costs assigned to products LO P1 [The following information applies to the questions displayed below.) Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process, Additional information for the first process follows. Direct Materials Percent Complete 1eex Conversion Percent Complete sex Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 60,00 820,000 780,000 180.000 100% 3ex $ 420,000 139,000 $ 559,000 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 2,220,000 3,254,60e 5,474,000 $ 6,033,000 Problem 3-1A (Static) Part 3 3. Assign costs to the department's output--specifically, to the units transferred out and to the units in ending work in process Inventory (Round "Cost per EUP" to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out Direct materials EUP Cost per EUP Total cost 100% sex Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory 60.000 820,eee 700,000 180, eee 100% 30% $ 420,000 139,000 $ 559, eee Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 2,220,000 3,254,000 5,474, eee $ 6,033,000 Problem 3-1A (Static) Part 3 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Step by Step Solution
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