Direct Materials are added at the start of the process. Conversion costs are added evenly during the process. Using Weighted-average method of process costing. The following information is available Equivalent Units Physical Units Direct Materials Conversion Costs Work in Process, July 1 Started during July Completed and Trans in July 42500 WIP, July 31 12500 12500 8750 50000 42500 42500 20000 10000 20000 Degree of Completion: 7/1 Direct Materials, 100%, conversion costs, 70% Degree of Completion: 7/31 Direct Materials, 100%, Conversion costs, 50% Total costs for July: WiR, beginning: Direct Materials 75000 Conversion Costs 87500 162500 Direct Materials added During July 350000 Conversion Costs added During July 463750 Total costs to account for 976250 1. Calculate cost per equivalent unit for direct materials and conversion costs 2. Summarize total costs to account for, and assign total costs to unit completed and transferred out and to units in ending work in process