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 ofthe rst process. Additional information for the first process follows. Direct Materials Conversion Percent Percent Units Conplete Complete Beginning work in process inventory 30,660 166% 30% Units started this period 965,666 Units completed and transferred out ?85,666 Ending work in process inventory 19?,660 166% 30% Beginning work in process inventor}.I Direct materials 1. 445,316 Conversion 212,935 5 658,895 Costs added this period Direct materials 2,996,196 Conversion 4,629,615 ?,619,305 Total costs to account 'For $ 7:573:733 Required: 1. Compute equivalent units of production for both direct materials and conversion. 1 Compute cost per equivalent unit of production for both direct materials and conversion. Total costs : Equivalent units of production (from part 1} Cost per equivalent unit of production k 3. Assign costs to the department's outputspecifically, to the units transferred out and to the units in ending work in process inventory. [Round "Cost per EUP" to 2 decimal places} Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion