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use info in first two pics to work 3rd picture Q. preciate it! Victory Company uses weighted average process costing. The company has two production
use info in first two pics to work 3rd picture Q. preciate it! 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 Conversion Percent Percent Complete Complete 1000 800 Units 75,000 910,000 800,000 185.000 1004 B01 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 Couts added this period Direct materials Conversion Total costs to account for $ 256,100 142,200 $ 398,300 1,713,900 2701.800 1.415.700 $ 4.914,000 Required: 1. Compute equivalent units of production for both direct materials and conversion Equivalent units of Production (EUP)-Wolghted Average Method Units % Materials EUP-Materials 5 Conversion EUP Conversion Total units 808 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 Conversion Percent Percent Units Complete Complete Beginning work in process inventory 75,000 1004 Units started this period 910,000 Units completed and transferred out 800,000 Ending work in process inventory 185,000 1000 800 Beginning work in process inventory Direct materials $ 256, 100 Conversion 142,200 $ 398,300 Conts added this period Direct materials 1,713,900 Conversion 2,701,800 4,415,200 Total costs to account for $ 4,814,000 2. Compute cost per equivalent unit of production for both direct materials and conversion Materials Conversion Cost per equivalent unit of production Costs Costs EUP EUP Total costs - Equivalent units of production (from part 1) Cost per equivalent unit of production 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.) Total cost EUP Cost per EUP Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for
use info in first two pics to work 3rd picture Q. preciate it!
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