Question: need help!!! vitory Company uses weighted average process costing. The company has two production processes. PROBLEM SET A convesion cost is added evenly throughout each
vitory Company uses weighted average process costing. The company has two production processes. PROBLEM SET A convesion cost is added evenly throughout each process. Direct materials are added at the beginning of we first process. Additional information for the first process follows. Problem 20-1A Weighted average: Cost per equivalent unit; costs assigned to products P1 Required 1. Compute equivalent units of production for both direct materials and conversion. 2. Compute cost per equivalent unit of production for both direct materials and conversion. Check (2) Conversion cost 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in per equivalent unit, $4.50 ending work in process inventory
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