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 process. During November, the company transferred 735,000 units of product to finished goods. At the end of November, the work in process inventory consists of 188,000 units that are 70% complete with respect to conversion. Beginning inventory had $299,975 of direct materials and $108,325 of conversion cost. The direct material cost added in November is $2,007,525, and the conversion cost added is $2,058,175. Beginning work in process consisted of 62,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 62,000 were from beginning work in process and 673,000 units were started and completed during the period.

EUP - Weighted AVg Method

	Units	%Materials	EUP-Materials	% Conversion	EUP-Conversion
Total Units

2. Compute both direct material cost and conversion cost per equivalent unit

3.

Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)