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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 72,000 882,000 775,000 179,000 Units $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% Porcent 100% $ 6/42,7! Required: 1. Compute equivalent units of production for both direct materials and conversion. 5,343,4! $ 5,986,20 Equivalent Units of Production (EUP) - Weighted Average Me Direct Materials

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 72,000 882,000 775,000 179,000 Units $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% Porcent 100% $ 6/42,7! Required: 1. Compute equivalent units of production for both direct materials and conversion. 5,343,4! $ 5,986,20 Equivalent Units of Production (EUP) - Weighted Average Me Direct Materials

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 11E: The charges to Work in ProcessAssembly Department for a period, together with information concerning...
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>n n applies to the questions eighted average process costing. oduction processes. Conversion ›ughout each process. Direct e beginning of the first process. r the first process follows. cess inventory riod ransferred out s inventory. cess inventory ɔd t for Units 72,000 882,000 775,000 179,000 Units $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% 100% Percent Complete nits of production for both direct 1. $ 642,750 Conversion Percent Complete 80% 5,343,450 $5,986,200 valent Units of Production (EUP) - Weighted Average Method Direct Materials EUP 40% Conversion Percent Complete EUP
Transcribed Image Text:>n n applies to the questions eighted average process costing. oduction processes. Conversion ›ughout each process. Direct e beginning of the first process. r the first process follows. cess inventory riod ransferred out s inventory. cess inventory ɔd t for Units 72,000 882,000 775,000 179,000 Units $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% 100% Percent Complete nits of production for both direct 1. $ 642,750 Conversion Percent Complete 80% 5,343,450 $5,986,200 valent Units of Production (EUP) - Weighted Average Method Direct Materials EUP 40% Conversion Percent Complete EUP
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 Total units Units 72,000 882,000 775,000 179,000 Units $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% Percent Complete 100% Required: 1. Compute equivalent units of production for both direct materials and conversion. $ 6/42,7! 5,343,4! $ 5,986,20 Equivalent Units of Production (EUP) - Weighted Average Me Direct Materials EUP
Transcribed Image Text: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 Total units Units 72,000 882,000 775,000 179,000 Units $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% Percent Complete 100% Required: 1. Compute equivalent units of production for both direct materials and conversion. $ 6/42,7! 5,343,4! $ 5,986,20 Equivalent Units of Production (EUP) - Weighted Average Me Direct Materials EUP
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