Weighted average: Cost per equivalent unit; costs assigned to products

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 755,000 units of product to finished goods. At the end of November, the goods in process inventory consists of 199,000 units that are 60% complete with respect to labor. Beginning inventory had $434,070 of direct materials and $174,880 of direct labor cost. The direct material cost added in November is $2,904,930, and the direct labor cost added is $3,322,720.