The ABC Company is a small engine manufacturing company. Direct materials are added at the beginning of the process. Conversion costs are added evenly throughout the process. The company uses the weighted average method. The following information was provided for the month of August:

Work in Process, August $1*(1)$

$\backslash$table$[[\backslash$table$[[$Physical$],[$Units$]],\backslash$table$[[$Direct$],[$Materials$]],\backslash$table$[[$Conversion$],[$Costs$]]],[12,500,12,500,8,750],[50,000,,],[42,500,42,500,42,500],[20,000,20,000,10,000]]$

$*(1)$ Degree of completion. Direct materials $100\%,$ conversion costs $70\%.$

$*(2)$ Degree of completion. Direct materials $100\%,$ conversion costs $50\%.$

Total Costs for August

Work In Process, Beginning

Direct Materials

Conversion Costs

Direct Materials added during August

Conversion Costs added during August

Total Costs to Account for

$\backslash$table$[[\backslash$table$[[$materials $100\%,$ conversion costs $70\%.],[$materials $100\%,$ conversion costs $50\%.]]],[$$$,75,000$