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 Percent Complete 100% Conversion Percent Complete 80% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 70,000 824,000 710,000 184,000 100% 80% $ 581,100 192,870 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 773,970 3,888,900 3,664,530 7,553,430 $ 8,327,400 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Direct Materials Conversion Units Percent Percent EUP EUP Complete Complete Total units 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 EUP EUP Equivalent units of production (from part 1) Cost per equivalent unit of production 0 0 3. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion $ 0.00 $ 0 $ 0.00 Total costs accounted for