32) Equivalent unit = 11000+(2000*80%) = 12600
Cost per equivalent unit of material = (28800+198000)/12600 = 18
So answer is c) $18.00
33) Equivalent unit = 40000+3000 = 43000
Cost per equivalent unit of material = 55040/43000 = 1.28
So answer is a) $1.28
34) Equivalent unit = 54000+(2500*20%) = 54500
Cost per equivalent unit of conversion = (30430+650820)/54500 = 12.50
So answer is c) $12.50
you serve ware and uses process costing. At the start of May, 2,300 units were in...
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Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and $201,750 of conversion cost. The direct material...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 705,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 184,000 units that are 50% complete with respect to conversion. Beginning work in process inventory had $288,925...
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Required information (The following information applies to the questions displayed below.) Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 715,000 units of product to finished goods. At the end of November, the work in process inventory consists of 205,000 units that are 80% complete with respect to conversion. Beginning inventory had $538,200 of...