Bio Track 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 Track determines standard costs of $6.60 per equivalent unit for direct materials and $10.10 per equivalent unit for conversion costs for both beginning work in process and work done in the current period. The following information for July 2018 is available:

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i Data Equivalent Units Physical Direct Conversion Units Materials Costs Work in process, July 18 6,250 6,250 4,375 Started during July 25,000 Completed and transferred out during July 21,250 21,250 21,250 Work in process, July 31b 10,000 10,000 2,500 aDegree of completion direct materials, 100%; conversion costs, 70%. bDegree of completion direct materials, 100%; conversion costs, 25%. Print Done x 1 Costs Total Costs for July 2018 Work in process, beginning Direct materials $ 37,500 43,750 $ 81,250 Conversion costs Direct materials added during July 162,500 231,875 Conversion costs added during July $ 475,625 Total costs to account for Print Done - X i 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 using the standard-costing method. 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. 3. Compute the total direct materials and conversion costs variances for July 2018. Print Done 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. Enter an amount in each input cell.) Physical Units Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Work done to date