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 Beginning work in process inventory Units started this period 79,000 Direct Materials Percent Complete 100% Conversion Percent Complete 80% 891,000 Units completed and transferred out Ending work in process inventory 790,000 180,000 100% 60% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion es Total costs to account for $ 189,150 179,600 $ 368,750 1,265,850 3,412,400 4,678,250 $ 5,047,000 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Total costs Equivalent units of production (from part 1) Cost per equivalent unit of production Conversion Costs EUP Costs EUP 0 0