Required information 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. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 740,000 units of product to finished goods. At the end of November, the goods in process inventory consists of 205,000 units that are 90% complete with respect to labor. Beginning inventory had $429,975 of direct materials and $231,125 of direct labor cost. The direct material cost added in November is $2,877,525, and the direct labor cost added is $4,391,375. Problem 16-2A Part 1 Required: 1. Determine the equivalent units of production with respect to direct labor and direct materials Required: Determine the equivalent units of production with respect to direct labor and direct materials. 1. Equivalent units of production (EUP)- weighted average method Units % Materials EUP. Materials % Labor EUP-Labor Total units