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 65,000 100% 899 Units started this period 835,000 Units completed and transferred out 710,000 Ending work in process inventory 190,000 100% 704 Beginning work in process inventory Direct materials $ 351,000 Conversion 126,450 $ 477, 450 Costs added this period Direct materials 2,349,000 Conversion 2,402, 550 4,751,550 Total costs to account for $ 5,229,000 2. Compute cost per equivalent unit of production for both direct materials and conversion Cost per equivalent unit of production Materials Conversion Total costs - Equivalent units of production (from part 1) Cost per equivalent unit of production Costs EUP Costs EUP