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. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Total units Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 65,000 886,000 765,000 186,000 Units $ 247,260 128,700 1,654,740 2,445,300 Direct Materials Percent Complete 100% 100% Percent Complete Required: 1. Compute equivalent units of production for both direct materials and conversion. Conversion Percent Complete 80% $ 375,960 4,100,040 $ 4,476,000 Equivalent Units of Production (EUP) - Weighted Average Method Direct Materials EUP 50% 22 LOTEN BUL Conversion Percent Complete EUP

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. Required: 1. Compute equivalent units of production for both direct materials and conversion