Part 1:

Required information Skip to question [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. Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 76,000 100% 80% Units started this period 900,000 Units completed and transferred out 775,000 Ending work in process inventory 201,000 100% 50% Beginning work in process inventory Direct materials $ 570,960 Conversion 109,438 $ 680,398 Costs added this period Direct materials 3,821,040 Conversion 2,079,312 5,900,352 Total costs to account for $ 6,580,750 Required:

1. Compute equivalent units of production for both direct materials and conversion.

Part 2:

Required information

Skip to question

[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.

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	76,000	100%	80%
Units started this period	900,000
Units completed and transferred out	775,000
Ending work in process inventory	201,000	100%	50%

Beginning work in process inventory
Direct materials	$ 570,960
Conversion	109,438	$ 680,398
Costs added this period
Direct materials	3,821,040
Conversion	2,079,312	5,900,352
Total costs to account for		$ 6,580,750

2. Compute cost per equivalent unit of production for both direct materials and conversion.

Part 3:

Required information

Skip to question

[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.

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	76,000	100%	80%
Units started this period	900,000
Units completed and transferred out	775,000
Ending work in process inventory	201,000	100%	50%

Beginning work in process inventory
Direct materials	$ 570,960
Conversion	109,438	$ 680,398
Costs added this period
Direct materials	3,821,040
Conversion	2,079,312	5,900,352
Total costs to account for		$ 6,580,750

3. Assign costs to the departments outputspecifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)