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Bio Tech Corporation is a biotech company that makes a cancer treatment drug in a single processing department. Direct materials are added at the start of the proces. Conversion conts are added evenly during the process. Bio Tech uses the FIFO mothod of process conting. The following information for July 2018 in available: (Click the loon to view the dot.) II (Click the icon to view total costs.) Required Note that you first nood to calculate the equivalent units of work done in the current period (for direct materials and conversion costs) to complete beginning work in ocess, to start and complete new units, and to produce ending work in proceso Data Total costs Total Costs for July 2018 Work in proces, beginning Direct materials $ 74,700 86,800 $ Equivalent Units Physical Direct Conversion Units Materials Costs Work in process, July 1" 13,000 13,000 9,100 Started during July 51,300 Completed and transferred out during July 43,500 43,500 43,500 Work in process, July 31 20,800 20,800 7,280 "Onge of completion director al 100% conversion costs, 70% Ogn of completo direct me 100%, conversion cost, 38% Conversion costs Direct materials added during July 161,500 349,500 483,200 994,200 Conversion costs added during July Total cost to account for Print Done Print Done Homdren's Cost Introduction Accounting fa toon Units Requirement 1. Calculate the cost per equivalent unit for direct materials and conversion costs using the FIFO method. Enter the physical units first, and then calculate the equivalent units. (Round your answers to the nearest whole unit. Enter an amount in each input cell.) Equivalent Units Physical Direct Conversion Flow of Production Materials Costs Work in process, beginning Started during current period To account for Completed and transforred out during current period: From beginning work in proceso Started and completed Work in process, ending Accounted for Work done to date Choose from any list or enter any number in the input fields and then continue to the next question, Requirement 2. Summarize total costs to account for, and assign total costs to units completed (and transferred out) and to units in ending work in process. Begin by summarizing the total costs to account for Direct Conversion Costs Costs Total Production Materials Total costs to account for Next calculate cont per equivalent unit for direct materials and conversion costs. (Round your cost per equivalent unit to four decimal places) Direct Conversion Materials Costs Divide by Cost per equivalent unit for work done in current period Finally, won total costs to unite completed and adferred out) and to units in ending work in proces. Begin by calculating the total from beginning inventory, and then calculate the total comia accounted for (Round your nuwers to the nearest dolar) Total Production Completed and transferred out Direct Costs Conversion Costa Total from beginning inventory Total costs of units completed and wordt Tooted