[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 Units Percent Percent Complete Complete Beginning work in process inventory. Units started this period 67,000 100% 80% 833,000 Units completed and transferred out Ending work in process inventory 715,000 185,000 100% 70% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 292,500 84,450 $376,950 1,957,500 1,604,550 Total costs to account for 3,562,050 $ 3,939,000 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs Equivalent units of production (from part 1) Cost per equivalent unit of production Materials $ Costs 292,500 1,957,500 $ 2,250,000 Costs EUP EUP 0 Conversion