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 765,000 units of product to finished goods. At the end of November, the goods in process inventory consists of 190,000 units that are 40% complete with respect to labor. Beginning inventory had $558,675 of direct materials and $210,250 of direct labor cost. The direct material cost added in November is $3,738,825, and the direct labor cost added is $3,994,750.
1. Determine the equivalent units of production with respect to direct labor and direct materials.
2. Compute both the direct labor cost and the direct materials cost per equivalent unit. (Round "Cost per EUP" to 2 decimal places.)
3. Compute both direct labor cost and direct materials cost assigned to units completed and transferred out and ending goods in process inventory. (Round "Cost per EUP" to 2 decimal places.)