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Please help! INSTANT LIKE BACK Required information Problem 3-1A (Static) Weighted average: Cost per equivalent unit; costs assigned to products LO P1 [The following information
Please help! INSTANT LIKE BACK
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 100% Conversion Percent Complete sex Units 60,000 820,000 700,000 180,000 100x 3ex Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 420,eee 139,000 $ 559,000 2,220,000 3,254,000 5,474, eee $ 6,833, eee Problem 3-1A (Static) Part 2 2. Compute cost per equivalent unit of production for both direct materials and conversion Cost por equivalent unit of production Materials Conversion Total costs Costs Costs Complete 100% Complete sex Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 68,88 820,000 700.000 180,000. 100% 30% $ 420, eee 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, eee 3,254, eee 5,474, eee $ 6,033,000 Problem 3-1A (Static) Part 2 2. Compute cost per equivalent unit of production for both direct materials and conversion Cost per equivalent unit of production Materials Conversion Total costs + Equivalent units of production (from part 1) Cost per equivalent unit of production Costs EUP Costs EUP 0 0 Step by Step Solution
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