6 Required information Part 1 of 3 [The following information applies to the questions displayed below.] Victory Company uses weighted average process costing. The company has two production processes. Conversion cost 20 is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional points information for the first process follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 64,000 100% 80% Units started this period 925,000 Units completed and transferred out 795,000 Ending work in process inventory 194,000 100% 70% Beginning work in process inventory Direct materials $ 514, 280 Conversion 209,430 $ 723, 710 Costs added this period Direct materials 3, 441, 720 Conversion 3,979, 170 7, 420, 890 Total costs to account for $ 8, 144, 600 Required: 1. Compute equivalent units of production for both direct materials and conversion.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 Complete EUP Percent Complete EUP Completed and transferred out Ending work in process Total units2. Compute cost per equivalent unit of production for both direct materials and conversion. Total costs + Equivalent units of production (from part 1} EUF' Cost per equivalent unit of production ES 3. Assign costs to the department's outputspecically, to the units transferred out and to the units in ending work in process inventory. [Round "Cost per EUP\" to 2 decimal places.) Completed and transferred out Direct materials Conversion UP Cost per EUP Ending work in process Direct materials Conversion Total costs accounted for