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 Units Beginning work in process inventory Units started this period 69,000 Percent Complete 100% Percent Complete 80% 899,000 Units completed and transferred out Ending work in process inventory 770,000 198,000 100% 70% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 566,280 204,435 $ 770,715 3,789,720 3,884,265 7,673,985 $ 8,444,700 Problem 20-1A (Algo) Part 1 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Units Direct Materials EUP Percent Complete Percent Complete Total units Conversion EUP 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Total costs Costs Costs + Equivalent units of production (from part 1) Cost per equivalent unit of production EUP EUP Conversion 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. Note: 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 Conversion Total costs accounted for