Question: 6 Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 The following information applies to the questions displayed below
6 Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 The following information applies to the questions displayed below Victory Company uses weighted-average process evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 760.000 units of product to finished goods. At the end of N consists of 192,000 units that are 90% complete with respect to conversion Beginning in materials ond $209,880 of conversion cost. The direct material cost added in November is $3,312,960, and the conversion cost added is $3.987720 Beginning work in process consisted of 80,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion Of the units completed, 80,000 were from beginning work in process and 680,000 units were started and completed during the period costing to account for its production costs. Conversion cost is added Pert 2 of 3 ber, the work in process inventory ry had $495,040 of direct 15 points Problem 20-2A Part 2 2. Compute both the direct material cost and the conversion cost per equivalent unit Costs EUP ent units of pr EUP to 2
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
