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

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Accounting

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.
Units Direct Materials Conversion
Percent Complete Percent Complete
Beginning work in process inventory 77,000100%80%
Units started this period 869,000
Units completed and transferred out 745,000
Ending work in process inventory 201,000100%60%
Beginning work in process inventory
Direct materials $ 245,960
Conversion 173,120 $ 419,080
Costs added this period
Direct materials 1,646,040
Conversion 3,289,2804,935,320
Total costs to account for $ 5,354,400
3. Assign costs to the departments outputspecifically, to the units transferred out and to the units in ending work in process inventory.
Note: Round "Cost per EUP" to 2 decimal places.

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