1-2 Weighted average method, assigning costs. The Chama Company makes water chemical age processi dopament Direct materials are added at the start of the Conversion cost added valy during the process Chatham to the weighted average method TODOS conting. The following information for July 2004 is available Equivalent Units Physical Units Convert Direct Materials 10.000 Costi 7 Work in process, July 10.000 Started during July 10,000 Completed and transferred out during July 34.000 Work in process, July 31 15.000 Degree of completion ct material, 100% con cont. 70 Degree of canaletion direct material, 100% conversion cost 50% 34.000 16,000 34001 ILO Total Costs for July 2004 Work in process, bepinning Direct materials $80,000 Conversion costs 70,000 $130.000 Direct materials added during July 280,000 Conversion costs added during July 371.000 Total costs to account for $781.000 1. Calculate cast par aquivalent unit for direct materials and conversion costs 2 Summarize total costs to account for and assign these costs to units completed and nature and to units in ending work in process