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.

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 Conversion Percent Complete 808 1003 Units 65,000 863,000 735,000 193,000 1005 408 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 $ 361,920 81,220 $ 443,140 2,422,080 1,543,180 3,965,260 $ 4,408,400 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 units 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 Conversion Percent Percent Complete Complete 100% 808 Units 65,000 863,000 735,000 193,000 1000 400 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 $ 361,920 81,220 $ 443, 140 2,422,080 1,543,180 3,965,260 $ 4,408,400 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Conversion Costs Total costs Equivalent units of production (from part 1) Cost per equivalent unit of production Costs EUP + EUP 0 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 B08 Units 65,000 863,000 735,000 193,000 1005 405 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 $361,920 81,220 $ 443,140 2,422,080 1,543,180 3,965,260 $ 4,408,400 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.) EUP Cost por EUP Total cost Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Total completed and transforred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for $ 0.00 $ 0.00 oo $