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	62,000	100%	80%
Units started this period	908,000
Units completed and transferred out	790,000
Ending work in process inventory	180,000	100%	50%

Beginning work in process inventory
Direct materials	$ 567,450
Conversion	66,000	$ 633,450
Costs added this period
Direct materials	3,797,550
Conversion	1,254,000	5,051,550
Total costs to account for		$ 5,685,000

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

Cost per equivalent unit of production		Materials		Conversion
Costs of beginning work in process		$567,450
Costs added this period
Total costs	Costs		Costs
Equivalent units of production (from part 1)	EUP		EUP
Cost per equivalent unit of production		0		0