Victory Company uses weighted average process costing for two production processes. The document provides information on the first process and asks the user to: 1) Calculate equivalent units of production for direct materials and conversion costs, 2) Determine the cost per equivalent unit of production for materials and conversion, and 3) Assign costs to output and ending work in process inventory based on the costs per equivalent unit.

1. Please complete accounting in a spreadsheet that matches the question.
Required information [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. Required: 1.
Compute equivalent units of production for both direct materials and conversion.2. Compute cost
per equivalent unit of production for both direct materials and conversion. begin{tabular}{|l|c|c|c|c|}
hline Cost per equivalent unit of production & & Materials & & hline & & & & hline Total costs &
Costs & & Costs & hline Equivalent units of production (from part 1) & EUP & & EUP & hline Cost
per equivalent unit of production & & & & hline end{tabular}3. Assign costs to the department's
output-specifically, to the units transferred out and to the units in ending work in process inventory.
Note: Round "Cost per EUP" to 2 decimal places.