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 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for ed: Units 65,000 873,000 730,000 208,000 $365,820 64,110 2,448,180 1,218,090 Direct Materials Conversion Percent Percent Complete 100% Complete 80% 100% $ 429,930 3,666,270 $ 4,096,200 60%

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. Compute cost per equivalent unit of production for both direct materials and 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. Record the transfer of goods to next department. Note: Enter debits before credits