Bio Save Corporation is a biotech company that makes a cancer treatment drug in a single processing department. Direct materiad are added at the start of the process. Conversion costs are added evenly during the process. Bio Save uses the weighted-average method of process costing. The following information for July is available: (Click the icon to view the total costs.) (Click the icon to view the data.) Required Requirement 1. Calculate the cost per equivalent unit for direct materials and conversion costs. Enter the physical units first and then calculate the equivalent units (Round your answers to the nearest whole unit.) Flow of Production Work in process, beginning Started during current period To account for forrod out during current period Physical Units Physical Direct Equivalent Units Conversion Units Materials Costs Work in process, July 1 12,200 12,200 8,540 Started during July 49,500 Completed and transferred out during July 42,100 42,100 42,100 Work in process, July 31 19,600 19,600 10,780 Degree of completion: direct materials, 100%; conversion costs, 70%. b Degree of completion: direct materials, 100%; conversion costs, 55%. Total costs Total Costs for July Work in process, beginning Direct materials Conversion costs Direct materials added during July Conversion costs added during July Total costs to account for $ 75,500 83,500 $ 159,000 340,000 463,750 $ 962,750 Print Done X