1. Bio Doc Corporation is a biotech company based in Milpitas. It 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. Big Doc uses the FIFO method of process costing. The following information for July 2021 is available.

		Equivalent Units
	Physical	Direct	Conversion
	Units	Materials	Costs
Work in process, July 1	8,500a	8,500	1,700
Started during July	35,000
Completed and transferred d out during July	33,000	33,000	33,000
Work in process, July 31	10,500b	10,500	6,300

^aDegree of completion: direct materials, 100%; conversion costs, 20%.

^bDegree of completion: direct materials, 100%; conversion costs, 60%.

Total costs for July 2021
Work in process, beginning
Direct materials	$63,100
Conversion costs	45,510	$108,610
Direct materials added during July		284,900
Conversion costs added during July		485,040
Total costs to account for		$878,550

(Show all your work from Steps 1 to 5 of Process Costing using the FIFO method.)

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.