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 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 November, the company transferred 785,000 units of product to finished goods. At the end of November, the work in process inventory consists of 183,000 units that are 80% complete with respect to conversion. Beginning inventory had $629,200 of direct materials and $93,140 of conversion cost. The direct material cost added in November is $4,210,800, and the conversion cost added is $1,769,660. Beginning work in process consisted of 65,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 65,000 were from beginning work in process and 720,000 units were started and completed during the period.

1. Determine the equivalent units of production with respect to direct materials and conversion.

oter 20 HW Help Seve&Ex Submit 68 Check my Problem 20-2A Port 1 Port t of3 Required 1 Determine the oquivalent units of production with respect to direct materials and conversion 6.66 Unite % Materiale EUp Mrterials % asrug oter 20 Hw Help Sve&ExiSubmit 62 Check my 2 in process and 720000 unlts were started and completed during the perlod Problem 20-2A Part 2 Part 2 of3 2. Compute both the direct material cost and the conversion cost per equivalent unit 688 Total costs Equivalent units of production ost per equvelent unt of production i EUP Show sE | Chapter 20 HW Help Save&Exit Submit Check my Reqaired information 3. Compute the drect material cost and the conversion cost assigned to units completed and transforred out and onding work in process inventory (Round Cost per EUP to 2 decimal places.) Part 3 of 6.68 Costpr Total cos af units traeherred out EUP EUP Dinoct maneriab Cost per Tol en of ending bork in probea $ 00 Total cost of ending work in proces Total costs accountd for PIC COLLAGE