Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is...

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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 Units 79,000 Direct Materials Percent Complete Complete 100% Conversion Percent 80% 891,000 790,000 180,000 100% 60% $ 189,150 179,600 $ 368,750 1,265,850 3,412,400 4,678,250 Total costs to account for $ 5,047,000 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Total units Units Direct Materials Percent Complete EUP Percent Complete Conversion EUP 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 Units 79,000 Direct Materials Percent Complete Complete 100% Conversion Percent 80% 891,000 790,000 180,000 100% 60% $ 189,150 179,600 $ 368,750 1,265,850 3,412,400 4,678,250 Total costs to account for $ 5,047,000 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Total units Units Direct Materials Percent Complete EUP Percent Complete Conversion EUP