Part 2 of 3 00:43:31 [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 Direct Materials Conversion Percent Percent Unite Complete Complete Beginning work in process inventory Units started this period 80,000 100% 80% 900,000 units completed and transferred out 795,000 Ending work in process inventory 185,000 100% 70% Beginning work in process Inventory Direct materials $573,300 Conversion 92,458 3665,750 Costs added this period Direct materials Conversion 1,816,700 1,756,550 Total costs to account for 3,595,250 $5,250,000 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Costs of beginning work in process Cests added this period Total costs Equivalent units of production (bom pan 1) Cost per equivalent unit of production Materials $ Ceata 672,300 3.830,700 $4.410,000 EUP Costs EUP Conversion 12 Part 3 of 3 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 Conversion Begining work in process inventory Units started this period Units completed and transferred aut Ending work in process inventory Percent Percent Complete Complete SOVE 500,000 795,000 100% 70% Beginning work in process inventory Direct materials Conversion $573,300 92,458 5665,750 Costs added this period Direct materials Conversion Total costs to account for 3,756,558 5,553,25 6,259,000 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.) Cast assignment-Weighted average Completed and Direct mar Conversion Ending work in proc Direct materia Conversion Total costs accounted for out EUP Cost per EUP Total cost 0.00 B 0.00 0 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 Direct Materials Conversion Units 80,000 900,000 Percent Complete 100% Percent Complete 80% 795,000 185,000 100% 70% $ 573,300 92,458 3,836,700 Conversion 1,756,550 Total costs to account for $ 665,750 5,593,250 $ 6,259,000 Costs added this per Direct materials Conversion Total costs to account for 3,836,700 1,756,550 5,593,250 $ 6,259,000 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs Equivalent units of production (from part 1). Cost per equivalent unit of production Materials Conversion 65 573,300 3.830,700 Costs $ 4.410.000 Costs EUP EUP O Direct Materia Conversion Total costs to account for 1.756,558 5,593,258 $ 6,259,000 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs Equivalent units of production (from part 1) Cost per equivalent unit of production - Materials $ 573,300 3.830,700 Costs S 4,410,000 Costs EUP EUP Conversion Part 2 of 3 800.3359 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 Direct Materials Conversion Units 80,000 Percent Complete 100% Percent Complete sex 900,000 795,000 185,000 $573,300 92,450 $665,750 3,836,700 1,756,550 5,593,250 $ 6,259,000 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Costs of beginning work in process Costs added this period Materials 673,300 3.830.700 Conversion