Required information Problem 20-1A (Algo) Weighted average: Cost per equivalent unit; costs assigned to products LO P1 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 Percent Complete 100% Conversion Percent Complete BOX Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 80,000 899,000 780,000 199,000 100% 40% $ 318,175 214,900 $ 533,075 Beginning work in process Inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 2., 129,325 4,083, 100 6,212,425 $ 6,745,500 Problem 20-1A (Algo) Part 1 Required: 1. Compute equivalent units of production for both direct materials and conversion Equivalent Units of Production (EUP) Weighted Average Method Direct Materials Conversion Units Percent Percent Complete EUP EUP Complete Total units Problem 20-1A (Algo) Part 2 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 $ 318 175 2.129 325 5 2.447 500 Conversion $ 214.900 4,083,100 54298,000 es Costs EUP Costs EUP 0 0 Problem 20-1A (Algo) Part 3 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 assignment Weighted average Completed and transferred out Direct materials Conversion Cost per EUP Total cost Ending work in process Direct materials Conversion 0 $ $ 0.00 $ 0.00 0 Total costs accounted for