Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 196,000 units that are 50% complete with respect to conversion. Beginning inventory had $409,955 of direct materials and $80,300 of conversion cost. The direct material cost added in November is $2,743,545, and the conversion cost added is $1,525,700. Beginning work in process consisted of 68,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 68,000 were from beginning work in process and 637,000 units were started and completed during the period.

Determine the equivalent units of production with respect to direct materials and conversion.

Equivalent Units of Production (EUP) - Weighted Average Method

	Units	% Materials	EUP - Materials	% Conversion	EUP - Conversion
?	?	?	?	?	?
?	?	?	?	?	?
Total Units	?		?		?

Compute both the direct material cost and the conversion cost per equivalent unit.

Cost per equivalent unit of production			Materials		Conversion
?			?		?
?			?		?
Total Costs		Costs		Costs
Equivalent units of production		EUP	?	EUP	?
Cost per equivalent unit of production (rounded to 2 decimals)			?		?

Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)

Cost of units transferred out	EUP	Cost per EUP	Total Cost
Direct Materials	?	?	?
Conversion	?	?	?
Total costs transferred out
Costs of ending work in process	EUP	Cost per EUP	Total Cost
Direct Materials	?		?
Conversion	?		?
Total cost of ending work in process
Total costs accounted for