Required Information (The following information applies to the questions displayed oeio w] Victory Company),r uses weighted average process costing. The company has two production processes. Conversion cost is added evenly.r throughout each process. Direct materials are added at the beginning of the rst process. Additional information for the rst 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 Units 53,636 B2E,BBB TBB,BBB 18B,BBB $ 426,366 139,366 2,223,339.! 3,254,339.! Direct Materials Conversion Percent Percent Complete Complete 198% 36% 196% 38% S 559,639 5,4?4,668 $ s,o33,oos Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP- Materials % Conversion EUP- Conversion Total units2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Conversion Total costs Costs Costs : Equivalent units of production (from part 1) EUP EUP Cost per equivalent unit of production 03. 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.) Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Total completed and transferred out Ending work in process Direct materials 0.00 $ Conversion S 0.00 0 Total ending work in process Total costs accounted for