Bio Track uses the first$-$in$,$ first$-$out $($FIFO$)$ method of process costing. The following information for July is available:

$($Click the icon to view the data.$)$

$($Click the icon to view total costs.$)$

Required

Note that you first need to calculate the equivalent units of work done in the current period $($for direct materials and conversion costs$)$ to complete beginning work in process, to start and complete new units, and to produce

ending work in process.

Requirement $1.$ Calculate the cost per equivalent unit for direct materials and conversion costs using the FIFO method.

Enter the physical units first, and then calculate the equivalent units. $($Round your answers to the nearest whole unit. Enter an amount

Data

${?}^2$ Degree of completion: direct materials, $100\%$; conversion costs, $70\%.$

${?}^b$ Degree of completion: direct materials, $100\%$; conversion costs, $60\%.$

Completed and transferred out during current period:

From beginning work in process

Started and completed

Work in process, ending

Accounted for

Work done to date

Required

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

using the FIFO method.

Summarize total costs to account for, and assign total costs to units

completed $($and transferred out$)$ and to units in ending work in process.

Total costs