costs assigned to products LO C2, C3 on applies to the questions displayed below.) Victory Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 730,000 units of product to finished goods. At the end of November, the goods in process inventory consists of 205,000 units that are 50% complete with respect to labor. Beginning Inventory had $364,650 of direct materials and $208,125 of direct labor cost. The direct material cost added in November is $2,440,350, and the direct labor cost added is $3,954,375 Problem 16-2A Part 1 Required: Determine the equivalent units of production with respect to direct labor and direct materials 1. Equivalent units of production (EUP). weighted average method Units % Materials EUP. Materials Labor EUP. Labor Total units Velage: Cost per equivalent unit; costs assigned to products LO C2, C3 The following information applies to the questions displayed below) Victory Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 730,000 units of product to finished goods. At the end of November, the goods in process inventory consists of 205,000 units that are 50% complete with respect to labor Beginning Inventory had $364,650 of direct materials and $208.125 of direct labor cost. The direct material cost added in November is $2.440,350, and the direct labor cost added is $3,954,375 Problem 16-2A Part 2 2. Compute both the direct labor cost and the direct materials cost per equivalent unit (Round "Cost per EUP" to 2 decimal places.) Cost per equivalent unit of production Materials Labor Costa Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs EUP EUP