E Ch 16 Homework 0234293383 19451876 1518378304416 The following information applies to the questions dlsplayed below Victory Company uses weighted-everage process costing to account foe Its production costs Conwersion cost is added evenly throughout the process Direct materials are added at the beginning of the process During November, the company transferred 735,000 units of product to finished goods At the end of November, the work in process inventory consists of 185000 units that are 60% complete wth respect to conversion, Beginning inventory had $358,80D of direct materials and $148,050 of connversion cost. The direct matertal cost added in November Is $2,401,200, and the cortversion cost acded is $2,812.950 Beginning work in process consisted of 9,000 units that were 100% complete with respect to direct materiais and 80% complete with respect to conversion. Of the units completed, 69,000 were trom beginring work in process and 665,000 urvts were sthrted ond comoleted dunng the penod edvl ty tnarr150 u$1480s0 oe is $2.812 the,8 Problem 16-2A weighted verage: Cost per equrvalent unn: costs essigined to prodlucrs LO C2 ca Section Break 1.11 poirnts Problem 16-2A Part 1 Required 1. Determine the equivalsent units of production with respact to drect nsaterials and conversion Equivalent Units of Production IEUP) Weighied Avarage Units % Materials EUP. Materials % Conversion! EUP Total units Type here to