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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.

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	66,000	100%	80%
Units started this period	872,000
Units completed and transferred out	760,000
Ending work in process inventory	178,000	100%	80%

Beginning work in process inventory
Direct materials	$ 548,730
Conversion	203,040	$ 751,770
Costs added this period
Direct materials	3,672,270
Conversion	3,857,760	7,530,030
Total costs to account for		$ 8,281,800

2. Compute cost per equivalent unit of production for both direct materials and conversion.