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. 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 Direct Materials Conversion Percent Percent Units 68,000 906,000 790,000 Complete Complete 100% 80% 184,000 100% 80% $ 443,170 140,580 $ 583,750 2,965,830 2,671,020 5,636,850 Total costs to account for $ 6,220,600 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP)-Weighted Average Method Total units Direct Materials Conversion Units Percent Complete EUP Percent Complete EUP 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Total costs Costs Costs + Equivalent units of production (from part 1) Cost per equivalent unit of production EUP EUP Conversion 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out Direct materials Conversion EUP Cost per EUP Total cost Ending work in process Direct materials Conversion Total costs accounted for