2 of 3 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. 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 Total costs to account for Direct Materials Conversion Percent Units 77,000 Percent Complete Complete 100% 80% 869,000 745,000 201,000 100% 60% $ 245,960 173,120 $ 419,080 1,646,040 3,289,280 4,935,320 $ 5,354,400 2. Compute cost per equivalent unit of production for both direct materials and conversion. Conversion Part 2 of 31 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs Equivalent units of production (from part 1) Cost per equivalent unit of production Materials Conversion $ 245,960 1,646,040 $ 869,000 869,000 Costs $ 1,892,000 Costs $ 1,738,000 EUP 2 EUP 4 $ 946,000.00 $ 434,500.00