k t ces Victory Company uses weighted average process costing. The company has two production processes. Conversion cost

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K T Ces Victory Company Uses Weighted Average Process Costing The Company Has Two Production Processes Conversion Cost 1 (35.95 KiB) Viewed 31 times

k t ces 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 Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Units EUP 74,000 863,000 735,000 202,000 $182,715 201,735 1,222,785 3,832,965 Direct Materials Percent Complete 100% 735,000 $ 735,000 Cost per EUP 100% Conversion Percent Complete 80% 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.) $304,450 5,055,750 $5,440,200 80% Total cost 6.00 $4,410,000