quirement 1. Compute equivalent units for direct materials and conversion costs. Show physical units in the first umn of your schedule. er the physical units first, and then calculate the equivalent units. (Round your answers to the nearest whole unit.) Flow of Production rk in process, beginning arted during current period account for mpleted and transferred out during current period rom beginning work in process tarted and completed rk in process, ending counted for Physical Units ork in process, beginning sts added in current period at standard costs 15,375 100,375 115,750 15,375 80.000 20,375 115,750 Equivalent Units Direct Conversion Materials Costs Total Production Costs 0 quirement 2. Compute the total standard costs of handles transferred out in August and the total standard costs of the August 31 inventory of work in process. gin by summarizing the total costs to account for. (Round your answers to the nearest whole dollar) 142000 80,000 20.375 100,375 Direct Materials 10,763 80,000 13,244 104,007 86.625 Conversion Costs 55,375 Data Langley Company's Process Costing for the Month Ended August 31 Direct Materials $ 5.90 Conversion Costs $ 12.20 55,375 15,375 $ 86,625 $ Standard cost per unit Work in process, beginning inventory (Aug. 1) Degree of completion of beginning work in process Units Started in August 100,375 Completed and transferred out 95,375 Work in process, ending inventory (Aug. 31) 20,375 Degree of completion of ending work in process Total costs added during August Print 100% 100% $ 573,000 Done 30% 65% $1,307,540

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Beginning work in process (40% complete) Direct materials. Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (75% complete) Current period costs Direct materials Conversion cost Total current period costs a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. Required: 1. Using FIFO method of process costing, complete each of the following steps: c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Units Req 1D ? 35,900 34,300 21,350 Costs $ 1,331,500 620,800 $ 1,952,300 $ 2,397,400 1,261,500 $ 3,658,900 Using FIFO method of process costing, reconcile the total cost of work in process. Note: Use Equivalent Units rounded to the nearest whole unit and Cost per Equivalent Unit rounded to 5…

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 67,000 886,000 755,000 198,000 Units $ 433,615 111,700 2,901,885 2,122,300 Direct Materials Percent Complete 100% 100% Percent Complete Required: 1. Compute equivalent units of production for both direct materials and conversion. Conversion Percent Complete 80% $ 545,315 5,024, 185 $ 5,569,500 Equivalent Units of Production (EUP) - Weighted…