Tomlinson Corporation is a biotech company based in Milpitas. 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 information for July 2014 is available.

Required
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 inprocess.

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Equivalent Units Conversion Costs 2,175 Physical Units 8,700* 34,500 32,000 11,200* Direct Materials Work in process, July 1 Started during July Completed and transferred out during July Work in process, July 31 8,700 32,000 11200 32,000 7840 Degree of completion: direct materials, 100%; conversion costs, 25%. bDegree of completion: direct materials, 100%; conversion c0sts, 70%. Total Costs for July 2014 Work in process, beginning Direct materials $61,500 Conversion costs Direct materials added during July Conversion costs added during July Total costs to account for 43,200 $104,700 301 380 498,624 $904,704