Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 725,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 208,000 units that are 40% complete with respect to conversion. Beginning work in process inventory had $424,515 of direct materials and $121,230 of conversion cost. The direct material cost added in November is $2,840,985, and the conversion cost added is $2,303,370. Beginning work in process consisted of 65,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 65,000 were from beginning work in process and 660,000 units were started and completed during the period. 2. Compute both the direct material cost and the conversion cost per equivalent unit.

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