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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
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 process. During November, the company transferred 725,000 units of product to finished goods. At the end of November the work in process inventory consists of 200,000 units that are 80% complete with respect to conversion Beginning invertory had $420,875 of direct materials and $88,500 of conversion cost. The direct material cost added in November is $2816,625, and the conversion cost added is $1681,500 Beginning work in process consisted of 61000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion of the units completed, 64,000 were from beginning work in process and 661,000 units were started and completed during the period Required: 1. Determine the equivalent units of production with respect to direct materials and conversion tund of Production eurWelded Average Method Material EUP Conversion EUP. Convento Total units
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