[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 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 60,000 820,000 700,000 180,000 100% 30% $ 420,000 139,000 $ 559,000 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 2,220,000 3,254,000 5,474,000 $ 6,033,000 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 EUP EUP Complete Complete Total units [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 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 60,000 820,000 700,000 180,000 100% 30% $ 420,000 139,000 $ 559,000 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion 2,220,000 3, 254,000 5,474,000 $ 6,033,000 Total costs to account for 2. 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 EUP EUP Equivalent units of production (from part 1) Cost per equivalent unit of production 0 0 (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 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 60,000 820,000 700,000 180,000 100% 30% $ 420,000 139,000 $ 559,000 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 2,220,000 3, 254,000 5,474,000 $ 6,033,000 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.) EUP Cost per EUP Total cost Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials $ 0.00 $ 0 Conversion 9 0.00 0 Total costs accounted for [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 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 68,000 846,000 720,000 194,000 100% 60% $ 297, 050 146, 370 $ 443,420 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,987,950 2, 781,030 4,768, 980 $ 5,212,400 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 EUP EUP Complete Complete Total units [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 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 68,000 846,000 720,000 194,000 100% 60% $ 297,050 146, 370 $_443,420 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,987,950 2,781,030 4,768,980 $ 5,212,400 2. Compute cost per equivalent unit of production for both direct materjals and conversion. Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP EUP Equivalent units of production (from part 1) Cost per equivalent unit of production 0 0 [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 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 68,000 846,000 720,000 194,000 100% 60% $ 297,050 146, 370 $ 443,420 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 1,987,950 2,781,030 4,768,980 $ 5,212,400 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.) Cost assignment-Weighted average Completed and transferred out Direct materials Conversion EUP Cost per EUP Total cost Ending work in process Direct materials $ 0.00 $ 0 Conversion $ 0.00 0 Total costs accounted for