2 3 4 5 HA + 6 17-16 Weighted-average method, assigning costs. Bio Doc Corporation is a biotech company based in Milpita. 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. Bio Doc uses the weighted-average method of process costing. The following infor- mation for July 2012 is available: Equivalent Units Physical Direct Conversion Units Materials Costs Work in process, July 1" 12,500 12,500 8,750 Started during July 50,000 Completed and transferred out during July 42,500 42,500 42,500 Work in process, July 311 20,000 20,000 10,000 "Degree of completion direct materials, 100%; conversion costs, 70%. 'Degree of completion direct materials, 100%; conversion costs, 50%. Total Costs for July 2012 Work in process, beginning Direct materials Conversion costs Direct materials added during July Conversion costs added during July Total costs to account for $75,000 87,500 $162,500 350,000 463,750 $976,250 REQUIRED 1. Calculate the cost per equivalent unit for direct materials and conversion costs, 2. Summarize total costs to account for, and assign total costs to units completed and trans- ferred out) and to units in ending work in process. Du