Bio Doc is a biotech company based in Kuala Lumpur. 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. Bio Doc uses the weightedaverage method of process costing. The following information for July 2014 is available:

Physical units Equivalent units Direct materials Conversion costs Work in process, 1 July 12 500 12 500 8750 Started during July 50 000 Completed and transferred out during July 42 500 42 500 42 500 Work in process, 31 July 20 000 20 000 10.000 *Degree of completion: direct materials, 100%; conversion costs, 70%. *Degree of completion: direct materials, 100%; conversion costs, 50%. Required Total costs for July 2014 Work in process, beginning Direct materials Conversion costs Direct materials added during July Conversion costs added during July Total costs to account for 1 Calculate cost per equivalent unit for direct materials and conversion costs. $75 000 87 500 $162 500 350 000 463 750 $976 250 2 Summarise total costs to account for and assign total costs to units completed (and transferred out) and to units in ending work in process.