Q1: 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 process transferred 780,000 units of product to the second process. Additional information for the first process follows.

At the end of November, work in process inventory consists of 200,000 units that are 80% complete with respect to conversion. Beginning work in process inventory had $445,900 of direct materials and $141,000 of conversion cost. The direct material cost added in November is $2,984,100, and the conversion cost added is $2,679,000. Beginning work in process consisted of 80,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 80,000 were from beginning work in process and 700,000 units were started and completed during the period.

Q2: QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly. Of these transferred units, 39,300 were in process in the Cutting department at the beginning of May and 168,500 were started and completed in May. Mays Cutting department beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of May, 53,100 additional units were in process in the Cutting department and were 70% complete with respect to materials and 20% complete with respect to conversion. The Cutting department had $695,872 of direct materials and $433,923 of conversion cost charged to it during May. Its beginning inventory included $75,875 of direct materials cost and $30,293 of conversion cost.

Required: For the first process: 1. Determine the equivalent units of production with respect to direct materials and conversion Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP- Materials % Conversion EUP- Conversion Total units 1. Compute the number of units transferred to Assembly. Total units transferred Assembly units