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I need assistance on these group problems please, organized answers on charts would be very much appreciated! 1. 2. 3. Victory Company uses weighted average

I need assistance on these group problems please, organized answers on charts would be very much appreciated!
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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. Direct Materials Percent Complete 100% Conversion Percent Complete 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 60,000 820,000 700,000 180,000 100% 30% $420,000 139.000 $ 559,000 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 2,220,000 3.254.000 5,474,800 $ 6,033,000 Required: 1. Compute equivalent units of production for both direct materials and conversion Answer is complete but not entirely correct. Equivalent Units of Production (EUP). Weighted Average Method Units % Materials EUP. Materials Conversion EUP. Conversion Direct Materiale Percent Conglet 100% Conversion Hercent Complete 03 Decinning work in process inventory Units started this period Uits completed and transferred out Ending work in process Inventory Units 60.000 320,000 700.000 180,000 100% 5.420,000 130,000 $ 550,000 Beginning work in process inventory Direct materials Conversion Cests added this period Direct materials Conversion Total costs to account for 2,220,000 250.000 5,474,000 $ 6,033,000 Required: 1. Compute equivalent units of production for both direct materials and conversion, Answer is complete but not entirely correct. Completed and transformed out Ending work proces Total units Equivalent Units of Production (EUP) Weighted Average Method Unita Materials EUP. Materials Conversion 32,000 1005 800,000 100% 2.500 100% 187.000 SO 34 500 087 000 EUP. Conversion 100,000 03,500 303 500 Is added evenly throughout each process. Direct materials are added at the beginning of the first process, information for the first process follows. Direct Materials Percent Complete 100% Conversion Percent Complete 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 60,000 820,000 700,000 180,000 100% 30% $ 420,000 139,000 $ 559,000 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 2,220,000 3,254,000 5,474, eee $ 6,033,000 2. Compute cost per equivalent unit of production for both direct materials and conversion Cost per equivalent unit of production Materials Conversion Total costs - Equivalent units of production (from part 1) Cost per equivalent unit of production Costs EUP Costs EUP 0 Percent Complete 100% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Percent Complete 80% Units 60,000 820,000 700,000 180,000 100% 30% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 420,000 139,000 $ 559,000 2,220,000 3,254,000 5,474,000 $ 6,033,000 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for

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