Question: Ch 3 question 15. Victory company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct

Ch 3 question 15. 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 first process. During November, the first process transferred 720,000 units of product to the second process. Additional information for the first process follows.At the end of November, work in process inventory consists of 205,000 units that are 80% complete with respect to conversion. Beginning work in process inventory had $240,500 of direct materials and $132,600 of conversion cost. The direct material cost added in November is $1,609,500 and the conversion cost added is $2,519,400. Beginning work in process consisted of 66,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 66,000 were from the beginning work in process and 654,000 units were started and completed during the. Period. Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in process inventory (round "cost per EUP" to 2 decimal places

Ch 3 question 15. Victory company uses weighted-average process costing to account

process inventory. (Round "Cost per EUP" to 2 decimal places.) Cost of units transferred out: EUP Cost per EUP Total cost Book Direct materials Print Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs of ending work in process Total costs accounted for W here to search W

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