Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct ma added at the beginning of the first process. Additional information for the first process follows. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Required: 1. Compute equivalent units of production for both direct materials and conversion. Units 80,000 Direct Materials Percent Complete 100% Conversion Percent Complete 80% 903,000 790,000 193,000 100% 70% $ 447,265 185,020 $ 632,285 2,993,235 3,515,380 6,508,615 $ 7,140,900