The Chatham Company makes chemical compounds in a single processing department. The following information about equivalent units and actual costs for July 19-7 is available.

Direct Materials Conversion Costs

Equivalent Units Total Costs Equivalent Units Total Costs

Work in

process, July 1* 20,000 $120,000 14,000 $140,000

Work done

during July 19-7 30,000 210,000 28,000 301,000

To account for 50,000 $330,000 42,000 $441,000

Completed

during July 19-7 34,000 ? 34,000 ?

Work in Process,

July 31* 16,000 ? 8,000 ?

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

Degree of completion: direct materials, 100%; conversion costs, 50%.

REQUIRED: Summarize total costs to account for, and assign these costs to units completed (and transferred out) and to units in ending work in process using the weighted-average method.