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Mail - Stone X Course Her X Question 14 X Course Her X Bb My Courses X | print screen X iCloud X pro-weave X C Required In X + X CA https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252... @ Chapter 3 Homework Saved Help Save & Exit Submit Check my work 14 Required information Part 2 of 3 [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 first process. During November, the first 3 process transferred 745,000 units of product to the second process. Additional information for the first process follows. points At the end of November, work in process inventory consists of 205,000 units that are 80% complete with respect to conversion. Beginning work in process inventory had $370,500 of direct materials and $159,075 of conversion cost. The eBook direct material cost added in November is $2,479,500, and the conversion cost added is $3,022,425. Beginning work in process consisted of 66,000 units that were 100% complete with respect to direct materials and 80% complete with Print respect to conversion. Of the units completed, 66,000 were from beginning work in process and 679,000 units were started and completed during the period. 2. Compute both the direct material cost and the conversion cost per equivalent unit. Cost per equivalent unit of production Materials Conversion Costs of beginning work in process Costs incurred this period Total costs Costs Costs : Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) 0 0 Mc Draw L.. Type here to search a W 4:31 PM O AGO 3/15/2021