17-30 Standard-costing method, assigning costs. Bucky's Boxes makes boxes for moving. It sells its boxes to major national moving companies. Because of the simple nature of the production process, Bucky's uses standard costing. The following information for July 2015 is available. Physical Units Direct Materials $ 1.30 $240,500 Conversion osts $ 2.10 $ 97,125 185,000 100% 25% Standard cost per equivalent unit Work in process, beginning inventory (July 1) Degree of completion of beginning work in process Started during July Completed and transferred out Work in process, ending inventory (July 31) Degree of completion of ending work in process Actual total costs added during July 465,000 512,000 138,000 100% $607,500 80% $1,207,415 Required 1. Compute equivalent units for each cost category. 2. Summarize total costs to account for, and assign total costs to units completed and transferred out and to units in ending work in process