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 810,000 units of product to finished goods. At the end of November, the work in process inventory consists of 197,000 units that are 90% complete with respect to conversion. Beginning inventory had $392,730 of direct materials and $123,413 of conversion cost. The direct material cost added in November is $2,628,270, and the conversion cost added is $2,344,837. Beginning work in process consisted of 61,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 61,000 were from beginning work in process and 749,000 units were started and completed during the period.

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

Costs of units transferred out	EUP	Cost of EUP	Total Cost
Direct Materials
Conversion
Total costs transferred out
Cost of end work in progress	EUP	Cost per EUP	Total Cost
Direct Materials
Conversion
Total cost of end Work in progress
Total costs accounted for