Please help with question 8.

6 O Required information [The following information applies to the questions displayed below.] Part 1 of 3 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 first process. During November, the first process transferred 760,000 units of product to the second process. Additional information for the first process follows. 3.12 At the end of November, work in process inventory consists of 179,000 units that are 50% complete with respect to points conversion. Beginning work in process inventory had $366,210 of direct materials and $127,425 of conversion cost. The direct material cost added in November is $2,450,790, and the conversion cost added is $2,421,075. Beginning work in 00:27:45 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 692,000 units were started and completed during the period. eBook Required: For the first process: 1. Determine the equivalent units of production with respect to direct materials and conversion. References Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP- Materials % Conversion EUP- Conversion Units completed and transferred out 760,000 100% 760,000 100% 760,000 Ending work in process - units 179,000 100% 179,000 50% 89,500 Total units 939,000 939,000 849,500; Required Information [T he following information applies to the questions displayed below] Victory Company uses weightedaverage process costing to account for its production costs. Conversion cost is added Pa" 2 f 3 evenly throughout the process. Direct materials are added at the beginning of the rst process. During November, the rst process transferred 760,000 units of product to the second process. Additional information for the rst process follows. 312 At the end of November, work in process inventory consists of 179,000 units that are 50% complete with respect to points conversion. Beginning work in process inventory had $366,210 of direct materials and $127,425 of conversion cost. The direct material cost added in November is $2,450,790, and the conversion cost added is $2,421,075. 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 692,000 units were started and completed during the period. eBook 2. Compute both the direct material cost and the conversion cost per equivalent unit. References ___ ___- m... c... S S 2-99 4" Equivalent units of production EUP 3.00 Cost per equivalent unit of production (rounded to 2 decimals) 8 Required information [The following information applies to the questions displayed below.] Part 3 of 3 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 first process. During November, the first process transferred 760,000 units of product to the second process. Additional information for the first process follows. 3.16 At the end of November, work in process inventory consists of 179,000 units that are 50% complete with respect to points conversion. Beginning work in process inventory had $366,210 of direct materials and $127,425 of conversion cost. The direct material cost added in November is $2,450,790, and the conversion cost added is $2,421,075. Beginning work in 8 00:27:18 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 692,000 units were started and completed during the period. eBook 3. 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.) References 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 $ 0.00 $ 0 Conversion 0.00 Total costs of ending work in process Total costs accounted for