victory company uses weighted average process costing. the company has two production processes. conversion…

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.\n\n| | direct materials | conversion |\n|--|--|--| \n| | percent complete | percent complete |\n| units | | |\n| beginning work in process inventory | 60,000 | 100% | 80% |\n| units started this period | 820,000 | | |\n| units completed and transferred out | 700,000 | | |\n| ending work in process inventory | 180,000 | 100% | 30% |\n\n| beginning work in process inventory | | |\n| direct materials | $420,000 | |\n| conversion | 139,000 | $559,000 |\n| costs added this period | | |\n| direct materials | 2,220,000 | |\n| conversion | 3,254,000 | 5,474,000 |\n| total costs to account for | | $6,033,000 |\n\ncompute equivalent units of production for both direct materials and conversion.\n\na. 880,000 units for direct materials and 754,000 units for conversion.\nb. 754,000 units for direct materials and 880,000 units for conversion.\nc. 234,000 units for direct materials and 700,000 units for conversion.\nd. 700,000 units for direct materials and 234,000 units for conversion.

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