Question: 7 Required information Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 Pert 3 of 3 Victory Company uses
7 Required information Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 Pert 3 of 3 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 company transferred 760,000 units of product to finished goods. At the end of November, the work in process inventory consists of 192,000 units that are 90% complete with respect to conversion Beginning inventory had $495,040 of direct materials and $209,880 of conversion cost. The direct material cost added in N conversion cost Odded is S3.987 720 Beginning work in process consisted of 80,000 units that were 100% complete with respect to drect materials and 80% complete witn 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. the 15 ember is $3.312.960, and the Problem 20.2A Part 3
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