Victory Company uses weighted average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 780,000 units of product to finished goods. At the end of November, the goods in process inventory consists of 187,000 units that are 70% complete with respect to labor. Beginning Inventory had $251,420 of direct materials and $204,953 of direct labor cost. The direct material cost added in November is $1.682,580, and the direct labor cost added is $3.894,097 Problem 16-2A Part 1 1. Required: Determine the equivalent units of production with respect to direct labor and direct materials. Equivalent units of production (EUP)- weighted average method Units % Materials EUP- Materials % Labor EUP-Labor Total units 2. Compute both the direct labor cost and the direct materials cost per equivalent unit. (Round "Cost per EUP" to 2 decimal places.) Cost per equivalent unit of production Materials Labor Costs Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs EUP EUP 0 0