Chapter $16$ Graded HW $($Graded$)$ i

$2$

Part $2$ of $3$

SkippedVictory 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.eBook

$\backslash$table$[[,$Units,Direct Materials,Conversion$],[$Percent Complete,Percent$],[$Beginning work in process inventory,$68,000,100\%,80\%],[$Units started this period,$935,000,,],[$Units completed and transferred out,$800,000,,],[$Ending work in process inventory,$203,000,100\%,80\%],[$Beginning work in process inventory$],[$Direct materials,$ $325,975,$$ $518,455],[$Conversion$,192,480],[$Costs added this period $$518,455],[$Direct materials,$2,181,525,,],[$Conversion$,3,657,120,5,838,645],[$Total costs to account for,$ $6,357,100]]$

Problem $16-1$A $($Algo$)$ Part $2$

$2.$ Compute cost per equivalent unit of production for both direct materials and conversion.

$\backslash$table$[[$Cost per equivalent unit of production,,Materials,$],[,,,],[,,,],[$Total costs,,,$],[*$ Equivalent units of production $($from part $1),$EOsts,,$],[$Cost per equivalent unit of production,EUP,,Costs$]]$SkippedeBookReferences

$\backslash$table$[[,$Units,Direct

Materials Conversion$],[$Beginning work in process inventory,Percent Complete,Percent Complete$],[$Units started this period inventory,$68,000$

$935,000,100\%,80\%],[\backslash$table$[[$Units completed and transferred out$],[$Ending work in$]]],[],[$Beginning work in process inventory$],[$Direct materials,$ $325,975,,],[$Conversion$,$$$325,975192,480,$$ $518,],[$Costs added this period,$192,480,$$ $518,],[$Direct materials,$2,181,525,,],[$Conversion$,3,657,120,5,838,,],[$Total costs to account for,,$ $6,357,,]]$

Problem $16-1$A $($Algo$)$ Part $3$

$3.$ Assign costs to the department's output$-$specifically, to the units transferred out and to the units in ending work in process inventory.

Note: Round "Cost per EUP" to $2$ decimal places.

$\backslash$table$[[$Cost assignment$-$Weighted average,,,,,$],[$Completed and transferred out,EUP,Cost per EUP,,Total cost,$],[$Direct materials,,,,,$],[$Conversion$,,,,,],[,,,,,],[$Ending work in process,,,,,$],[$Direct materials,,$$,0\mathrm{.}00,$$$,0],[$Conversion$,,$$$,0\mathrm{.}00,,0],[,,,,,],[$Total costs accounted for,,,,,$]]$Saved

Part $2$ of $3$

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eBook

References

Required information

Problem $16-7$AA $($Algo$)$ FIFO: Cost per equivalent unit; costs assigned to products LO C$2$

$[$The following information applies to the questions displayed below.$]$

Dengo Company makes a trail mix in two departments: Roasting and Blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. October data for the Roasting department follow.

$\backslash$table$[[,,\backslash$table$[[$Direct$],[$Materials$],[$Percent Complete$]],\backslash$table$[[$Conversion$],[$Percent Complete$]]],[$Beginning work in process inventory Units started and completed,$4,300,100\%,$ Complete

$\frac{40}{\%}$