Required information [The following information applies to the questions displayed below] Victory Company uses weighted average...
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Required information [The following information applies to the questions displayed below] Victory 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. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 67,000 889,000 755,000 201,000 $248,560 67,178 1,663,440 1,276, 372 Direct Materials Percent Complete. 100% 100X Conversion Percent Complete 80% $ 315,738 2,939,512 $2,255,550 Retu 70% 9 Part 3 of 3 10 points 3. Assign costs to the department's output-specifically, to the units transferred out and to the unit Inventory. (Round "Cost per EUP" to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion. Total costs accounted for Answer is not complete. EUP 755,000 755.000 $ 201,000 S $ Cost per EUP 1.50 0.00 S 1.50 Total cost 1,132,500 0 0 Required information [The following information applies to the questions displayed below] Victory 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. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 67,000 889,000 755,000 201,000 $248,560 67,178 1,663,440 1,276, 372 Direct Materials Percent Complete. 100% 100X Conversion Percent Complete 80% $ 315,738 2,939,512 $2,255,550 Retu 70% 9 Part 3 of 3 10 points 3. Assign costs to the department's output-specifically, to the units transferred out and to the unit Inventory. (Round "Cost per EUP" to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion. Total costs accounted for Answer is not complete. EUP 755,000 755.000 $ 201,000 S $ Cost per EUP 1.50 0.00 S 1.50 Total cost 1,132,500 0 0
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