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Save Bio Doc 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 process. Conversion costs are added evenly during the process Bio Doc uses the first in, first-out (FIFO) method of process conting The following information for July is available: (Click the icon to view the data) (Click the icon to view total costs) Required Note that you first need to calculate the equivalent units of work done in the current period (for direct materials and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending work in process. TID 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 Physical Units Flow of Production Work in process, beginning Started during current period - X Data Equivalent Units Physical Direct Conversion Units Materials Costs Work in process, July 18 12,500 12,500 8,750 Started during July 50,000 Completed and transferred out during July 42,500 42,500 42,500 Work in process, July 31b 20,000 20,000 10,000 Degree of completion direct materials, 100%; conversion costs, 70%. Degree of completion direct materials, 100%; conversion costs, 50%. a Total costs - Total Costs for July Work in process, beginning Direct materials $ 75,000 87,500 Conversion costs $ 162,500 Direct materials added during July 325,000 463,750 Conversion costs added during July Total costs to account for $ $ 951,250 the - - Required 1. Calculate the cost per equivalent unit for direct materials and conversion costs. 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. the st ar Print Done Prod 9