Fielding Corporation is a biotech company that 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. Fielding uses the weighted- average method of process costing. The following information for July 2013 is available.

aDegree of completion: direct materials, 100%; conversion costs, 15%.
bDegree of completion: direct materials, 100%; conversion costs, 70%.

Required
1. Calculate equivalent units for direct materials and conversion costs.
2. Summarize total costs to account for, and assign total costs to units completed (and transferred out) and to units in ending work inprocess.

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Equivalent Units Direct Materials Conversion Costs Physical Units 8,700 34,500 32,000 8,700 Work in process, July 1 Started during July Completed and transferred out during July Work in process, July 31 1,305 32,000 32,000 11,200 11,200 7,840 Total Costs for July 2013 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