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 information (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 71,000 854,000 740,000 185,000 100% 60% $ 481,000 212,750 $ 693,750 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 3,219,000 4,042,250 7,261,250 $ 7,955,000 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 71,000 100% 71,000 80% 185,000 100% 18,500 60% 256,000 89,500 Completed and transferred out Ending work in process Total units 56,800 11,100 67,900 2. Compute cost per equivalent unit of production for both direct materials and conversion. Materials Conversion Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs Costs Costs EUP EUP - Equivalent units of production (from part 1) Cost per equivalent unit of production 0 0 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 EUP Cost per EUP Total cost Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for