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 Percent Complete Conversion Percent Complete Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory 76,00 874,000 750,000 100% 80% 200,000 100% 60% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 494,000 87,000 $ 581,000 3,306,000 1,653,000 4,959,000 $ 5,540,000 Required: 1. Compute equivalent units of production for both direct materials and conversion.