Tap Corp. is a pharma company based in London. It makes a drug in a single processing department. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Tap uses the weighted average method of process costing. The following information for June 2010 is available. Equivalent Units Physical Direct Conversion Units Materials Costs Work in process, June 1 11,000" Started during June ? Completed and transferred out during June 41,000 Normal spoilage 100 Abnormal spoilage Work in process, June 31 12,8006 aDegree of completion direct materials, 100%; conversion costs, 30%. bDegree of completion: direct materials, 100%; conversion costs, 70%. Total Costs for June 2010 Work in process, beginning Direct materials $ 70,500 Conversion costs 42,500 $ 113,000 Direct materials added during June 351,000 Conversion costs added during June 428,000 Total costs to account for $892,000 100 Required: 1. Calculate the cost per equivalent unit for direct materials and conversion costs. (60 marks) 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. (40 marks)