Problem 16-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 [The following information applies to the questions displayed below.] 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 750,000 units of product to finished goods. At the end of November, the work in process inventory consists of 184,000 units that are 80% complete with respect to conversion. Beginning inventory had $485,680 of direct materials and $112,150 of conversion cost. The direct material cost added in November is $3,250,320, and the conversion cost added is $2,130,850. Beginning work in process consisted of 71,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 71,000 were from beginning work in process and 679,000 units were started and completed during the period Problem 16-2A Weighted average: cCost per equvalet n cosns assigned to producss LO C2 C3 Required iformation 375 points Problem 16-2A Part 1 Required Determine the equivalent units of production with respect to direct materials and conversion. EUP- Units % Materials EJP-Materials % Conversion To tal unit