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	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	60,000	100%	80%
Units started this period	890,000
Units completed and transferred out	755,000
Ending work in process inventory	195,000	100%	80%

Beginning work in process inventory
Direct materials	$ 617,500
Conversion	182,200	$ 799,700
Costs added this period
Direct materials	4,132,500
Conversion	3,461,800	7,594,300
Total costs to account for		$ 8,394,000

2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP EUP - Equivalent units of production (from part 1) Cost per equivalent unit of production