Required Informetlon IThe following information applies to the questions displayed belowj 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 process. During November, the company transferred 720,000 units of product to finished goods. At the end of November, the work in process inventory consists of 181,000 units that are 50% complete with respect to conversion. Beginning inventory had $409,955 of direct materials and $101,313 of conversion cost. The direct material cost added in November is $2,743,545, and the conversion cost added is $1,924,937 Beginning work in process consisted of 61,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 61,000 were from beginning work in process and 659.000 units were started and completed during the period. Required: 1. Determine the equivalent units of production with respect to direct materials and conversion. Equivalent Units of Production (EUP)- Weighted Average Method EUP Conversion Units % Materials EUP-Materials | % Conversion Total units Required Informatlon The following information applies to the questions displayed below. 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 process. During November, the company transferred 720,000 units of product to finished goods. At the end of November, the work in process inventory consists of 181,000 units that are 50% complete with respect to conversion Beg nning inventory nad S409955 of direct materials and $101,313 of conversion cost. The direct material cost added in November is $2.743,545, and the conversion cost added is $1.924.937 Beginning work in process consisted of 61,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 61,000 were from beginning work in process and 659.000 units were started and completed during the period. 2. Compute both the direct material cost and the conversion cost per equivalent unit. Cost per equivalent unit of production Materials Conversion otal costs Costs Costs Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Required Informatlon The following information applies to the questions displayed belowj 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 process. During November, the company transferred 720,000 units of product to finished goods. At the end of November, the work in process inventory consists of 181,000 units that are 50% complete with respect to conversion. Beginning inventory had $.409,955 of direct materials and $101,313 of conversion cost. The direct material cost added in November is $2,743,545, and the conversion cost added is $1.924.937. Beginning work in process consisted of 61,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 61,000 were from beginning work in process and 659,000 units were started and completed during the period. 3. Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in process inventory. (Round "Cost per EUP" to 2 declmal places.) Cost per EUP Cost of units transferred out EUP Total cost Direct materials Total costs transferred out Cost per Total cost Costs of ending work in process EUP EUP Direct materials s 0.00s S 0.00 Total cost of ending work in process Total costs accounted for