ces Victory Company uses weighted average process costing

Last updated: 11/8/2023

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 Units FUR 69 000 859 000 745 000 183 000 422 240 122 730 2 825 760 2 331 870 Direct Materials Percent Complete 100 100 Cockt FUD Conversion Percent Complete 80 544 970 3 Assign costs to the department s output specifically to the units transferred out and to the units in ending work in process inventory Note Round Cost per EUP to 2 decimal places 5 157 630 5 702 600 40 Check my wor