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 Complete Complete Beginning work in process inventory F6,666 166% 36% Units started this period 866,666 Units completed and transferred out ?45,666 Ending work in process inventory 185,666 166% 96% Beginning work in process inventory Direct materials $ 483,566 Conversion 91,156 $ 5?4,?56 Costs added this period Direct materials 3,236,466 Conversion 1,?31,856 4,968,256 Total costs to account for $ 5,543,666 Required: 1. Compute equivalent units of production for both direct materials and conversion. 1 Compute cost per equivalent unit of production for both direct materialo and conversion. 3. Assign costs to the department's outputspecificaliy, to the units transferred out and to the units in ending work in process inventory. Note: Round "Cost. per EUP'I to 2 decimal places. Completed and transferred out Cost per EUP Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for