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Problem 20-2A Weighted average: cost per equivalent unit; costs assigned to products LO C2, C3 IThe following information applies to the questions displayed below1 ictory
Problem 20-2A Weighted average: cost per equivalent unit; costs assigned to products LO C2, C3 IThe following information applies to the questions displayed below1 ictory company uses weighted-average process costing io account for its production costs cost is added even ly throughout the process. Direct materials are added at the inning of the process. During November, the company transferred 730,000 units of product to finished goods. At the end of November, the work in process inventory consists of 209.000 units at are 70% complete with respect to conversion. Beginning inventory had $366,210 of direct terials and $109,538 of conversion cost. The direct material cost added in November is 2.450,790, and the conversion cost added is $2,081,212. Beginning work in process consisted of 8,000 units that were 100% complete with respect to direct materials and 80% complete with espect to of the units completed, were from beginning work in process and units were started and completed during the period
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