1 Required information [The following information applies to the questions displayed below.) Part 1 of 3 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. Direct Materials Percent Complete 100% Conversion Percent Complete 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 62,000 929,000 810,000 181,000 100% 80% $ 515,320 95,480 $ 610,800 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 3,448,680 1,814, 120 5,262,800 $ 5,873,600 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Direct Materials Conversion Units Percent EUP Percent EUP Complete Complete Total units accounted for Ending work in process Total units 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP EUP - Equivalent units of production (from part 1) Cost per equivalent unit of production 0 0 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out Direct materials EUP Cost per EUP Total cost Conversion Ending work in process Direct materials $ 0.00 $ 0 Conversion S 0.00 0 Total costs accounted for