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	64,000	100%	80%
Units started this period	922,000
Units completed and transferred out	800,000
Ending work in process inventory	186,000	100%	70%

Beginning work in process inventory
Direct materials	$ 192,270
Conversion	116,275	$ 308,545
Costs added this period
Direct materials	1,286,730
Conversion	2,209,225	3,495,955
Total costs to account for		$ 3,804,500

2. Compute cost per equivalent unit of production for both direct materials and conversion.

\begin{tabular}{|l|c|c|c|c|} \hline Cost per equivalent unit of production & & Materials & & Conversion \\ \hline & & & & \\ \hline Total costs & Costs & & Costs & \\ \hline - Equivalent units of production (from part 1) & EUP & & EUP & \\ \hline Cost per equivalent unit of production & & & & \\ \hline \end{tabular}