Check my work 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. Direct 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 Units 78,000 830,000 Materials Conversion Percent Percent Complete Complete 100% 80% 715,000 193,000 100% 50% $ 354,120 60,863 $ 414,983 2,369,880 1,156,387 3,526,267 $ 3,941,250 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Conversion