Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is...
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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. Direct Materials Conversion Percent Percent Beginning work in process inventory Units started this period Complete Unita 69,000 Complete 100% 80% 865,000 Units completed and transferred out Ending work in process inventory 730,000 204,000 100% 40% Beginning work in process inventory Direct materials Conversion $546,3907 121,740 $ 668,130 Coats added this period Direct materials Conversion 3,656,610. 2,313,060 5,969,670 Total costs to account for $ 6,637,800 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process Inventory. (Round "Cost per EUP" to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for 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. Direct Materials Conversion Percent Percent Beginning work in process inventory Units started this period Complete Unita 69,000 Complete 100% 80% 865,000 Units completed and transferred out Ending work in process inventory 730,000 204,000 100% 40% Beginning work in process inventory Direct materials Conversion $546,3907 121,740 $ 668,130 Coats added this period Direct materials Conversion 3,656,610. 2,313,060 5,969,670 Total costs to account for $ 6,637,800 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process Inventory. (Round "Cost per EUP" to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for
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