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. Units Direct Materials Percent Complete Conversion Percent Complete Beginning work in process inventory 66,000 100% 80% Units started this period 883,000 Units completed and transferred out 755,000 Ending work in process inventory 194,000 100% 60% Beginning work in process inventory: Direct materials $ 431,795 Conversion 130,710 $ 562,505 Costs added this period Direct materials 2,889,705 Conversion 2,483,490 5,373,195 Total costs to account for $5,935,700 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent Units of Production (EUP) - Weighted Average Method Units Direct Materials Direct Materials Conversion Conversion Percent EUP Complete Percent Complete EUP Completed and transferred out 755,000 % ,000 % ,000 Ending work in process 194,000 % ,000 % 400 Total units 949,000 949,000 400 of this page intentionally left blank.