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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I hade to make two photos because the problem is huge
![>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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb21bb1c-9316-42c5-9a95-8aee84d7e301%2Ff51581f5-10dc-4912-a5fc-9c7485962d06%2Fglb2lq9_processed.jpeg&w=3840&q=75)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb21bb1c-9316-42c5-9a95-8aee84d7e301%2Ff51581f5-10dc-4912-a5fc-9c7485962d06%2F7smsnpb_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education