Required information The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 775,000 units of product to finished goods. At the end of November, the work in process inventory consists of 200,000 units that are 60% complete with respect to conversion. Beginning inventory had $253,500 of direct materials and $111,875 of conversion cost. The direct material cost added in November is $1,696,500, and the conversion cost added is $2,125,625. Beginning work in process consisted of 71,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion of the units completed, 71,000 were from beginning work in process and 704,000 units were started and completed during the period. Compute both the direct material cost and the conversion cost per equivalent unit. tost per equivalent unit of production Materials Conversion otal costs Equivalent units of production cost per equivalent unit of production (rounded to 2 ecimals) Costs EUP Costs EUP itv A @ ))) w [The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 775,000 units of product to finished goods. At the end of November, the work in process inventory consists of 200,000 units that are 60% complete with respect to conversion. Beginning inventory had $253,500 of direct materials and $111,875 of conversion cost. The direct material cost added in November is $1,696,500, and the conversion cost added is $2,125,625. Beginning work in process consisted o 71,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 71,000 were from beginning work in process and 704,000 units were started and completed during the period. Compute the direct material cost and the conversion cost assigned to units completed and transferre ding work in process inventory. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost st of units transferred out: Direct materials Conversion Total costs transferred out osts of ending work in process Direct materials Conversion Total cost of ending work in process Cost per EUP Total cost EUP G