Required Information Problem 16-1A (Algo) Weighted average: Cost per equivalent unit; costs assigned to products LO P1 [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. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Problem 16-1A (Algo) Part 1 Units 61,000 Direct Materials Percent Complete 100% Conversion Percent Complete 80% 850,000 705,000 206,000 100% 40% $ 473,720 137,795 $ 611,515 3,170,280 2,618,105 5,788,385 $ 6,399,900 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Total units Direct Materials Units Percent Complete EUP Percent Complete Conversion EUP