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. Direct Materials Percent Complete 100% Conversion Percent Complete 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 74,000 929,000 795,000 208,000 100% 40% $ 521,560 153,685 $ 675,245 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 3,490, 440 2,920,015 6,410,455 $ 7,085,700 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion EUP-Conversion Total units 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 EUP EUP - Equivalent units of production (from part 1) Cost per equivalent unit of production 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.) EUP Cost per EUP Total cost Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for