Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 [The following information applies to the questions displayed below. 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 805,000 units of product to finished goods. At the end of November, the work in process inventory consists of 208,000 units that are 80% complete with respect to conversion. Beginning inventory had $460,915 of direct materials and $218,565 of conversion cost. The direct material cost added in November is $3,084,585, and the conversion cost added is $4152,735. Beginning work in process consisted of 74,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 74,000 were from beginning work in process and 731,000 units were started and completed during the period. Problem 20-2A Part 2 2. 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 Cost per equivalent unit of production (rounded to 2 decimals) EUP EUP Problem 20-2A Part 3 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.) Cost perTotal cost Cost of units transferred out: EUP Direct materials Conversion Total costs transferred out Cospotal cost Costs of ending work in process EUP EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted for