Question: PLEASE HELP>>> THIS IS SOOOOO CONFUSING. Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the

PLEASE HELP>>> THIS IS SOOOOO CONFUSING.

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 750,000 units of product to finished goods. At the end of November, the work in process inventory consists of 183,000 units that are 90% complete with respect to conversion. Beginning inventory had $303,225 of direct materials and $228,675 of conversion cost. The direct material cost added in November is $2,029,275, and the conversion cost added is $4,344,825. Beginning work in process consisted of 62,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 62,000 were from beginning work in process and 688,000 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

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