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17-24 Weighted average method, assigning casts. Tomlinson Corporation is a biotech company based utilpitas 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 hformation for July 2014 is available. Equivalent Units Physical Divect Conversion Units Materials Costs Work in process, July 1 8.700 8,700 2,175 Started during July 34,500 Completed and transferred out during July 32,000 32.000 32.000 11.2009 Em Work in process, July 31 11.200 7,840 "Degree of completion direct materials, 100%; conversion costs, 25%. Degree of completion: direct materials, 100%, conversion costs, 70% Total Costs for July 2014 Work in process, beginning Direct materials Conversion costs Direct materials added during July Conwersion costs added during July Total costs to account for $61,500 43,200 $184,700 301 380 198,624 sp.,704 ASSIG 1. Calculate the cost per equivalent unit for direct materials and conversion costs. 2. Summarize the total costs to account for, and assign them to units completed (and transferred out) and to units in ending work in process. 17-25 FIFO method, assigning costs. 1. Do Exercise 17-24 using the FIFO method. 2 Tomlinson's management seeks to have a more consistent cost per equivalent unit. Which method of process costing should the company choose and why