*Degree of completion: direct materials 100%; conversion cost 25%

*Degree of completion: direct materials, 100%; conversion cost 70%

Do 5 step of process costing using FIFO method

Tomlinson 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. Tomlinson uses the weighted-average method of process costing. The following information for July 2014 is available: Direct Materials 8,700 Conversion Costs 2,175 Work in Process, July 1 Started during July Completed and X-out in July Work in Process, July 31 Equivalent Units Physical Units 8,700 34,500 32,000 11,200 32,000 11,200 43,200 32,000 7,840 39,840 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 $61,500 $43,200 $104,700 $301,380 $498,624 $904,704