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 Total costs to account for Direct Materials Conversion Units 68,000 Percent Complete 100% Percent Complete 80% 867,000 735,000 200,000 100% 50% $ 243,100 62,625 $ 305,725 1,626,900 1,189,875 2,816,775 $ 3,122,500 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Total units Units Direct Materials Conversion Percent Complete EUP Percent Complete EUP