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. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Direct Materials Conversion Units 60,000 Percent Complete 100% Percent Complete 80% 820,000 700,000 180,000 100% 30% $ 420,000 139,000 $ 559,000 2,220,000 3,254,000 5,474,000 $ 6,033,000 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Total costs - Equivalent units of production (from part 1) Cost per equivalent unit of production Materials Conversion Costs Costs EUP EUP 0 0