Required Information Problem 20-1A (Algo) Weighted average: Cost per equivalent unit; costs assigned to products LO P1 [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 Materials Conversion Units Beginning work in process inventory Units started this period 65,000 856,000 Percent Complete 100% Percent Complete 88% Units completed and transferred out Ending work in process inventory 720,000 201,000 100% 60% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $538,785 105,075 $ 643,860 3,605,715 1,996,425 Total costs to account for 5,602,140 $ 6,246,000 Problem 20-1A (Algo) Part 2 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 - Equivalent units of production (from part 1) Cost per equivalent unit of production EUP EUP 0 0