a. Calculate the cost per equivalent unit for direct materials and conversion costs.

b. Summarize total costs to account for, and assign total costs to units completed (and transferred out) and to units in ending work in process.

2. (15 points) Triangle Corporation is a biotech company based in Cary, North Carolina. 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. Triangle Corporation uses the weighted-average method of process costing. The following information for July 2020 is available. Physical units Work in process, July 1 Started during July Completed and transferred out during July Work in process, July 31 8,500 a 35,000 33,000 10,500 6 Degree of completion: direct materials, 100%; conversion costs, 20%. Degree of completion: direct materials, 100%; conversion costs, 60%. Total Costs for July 2020 Work in process, beginning Direct materials Conversion costs Direct materials added during July Conversion costs added during July Total costs to account for $63,100 $45,510 $108,610 $284,900 $485,040 $878,550 (Show all your work from Steps 1 to 5 of Process Costing)