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. Direct Materials Conversion Units Beginning work in process inventory Units started this period 71,000 Percent Percent Complete Complete 100% 80% 892,000 Units completed and transferred out Ending work in process inventory 760,000 203,000 100% 70% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 438,165 112,763 $ 550,928 2,932,335 2,142,487 5,074,822 $ 5,625,750 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Total costs Costs Costs + Equivalent units of production (from part 1) Cost per equivalent unit of production EUP EUP Conversion