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 Conversion Percent Percent Units Complete Complete Beginning work in process inventory 74 , 000 100% 80% Units started this period 906, 000 Units completed and transferred out 780, 000 Ending work in process inventory 200, 000 100% 80% Beginning work in process inventory Direct materials $ 254, 800 Conversion 188, 900 $ 442, 800 Costs added this period Direct materials 1, 705, 200 Conversion 3,572,000 5, 277, 200 Total costs to account for $ 5,720,000 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 - Equivalent units of production (from part 1) EUP EUF Cost per equivalent unit of production