Required:

Part $1$: Refining Department

$($A$)$ Compute the equivalent units of production.

$($B$)$ Compute the material cost per unit and the conversion cost per unit.

$($C$)$ Prepare the "total cost accounted for" section of the July $2020$ Production Report.

$($D$)$ Compute the July $31$ Work$-$in$-$Process Inventory balance.

Part $2$: Blending Department

$($E$)$ Compute the equivalent units of production.

$($F$)$ Assume that the costs transferred from the Refining Department to the Blending Department were P$48,200.$ Compute the unit costs in the Blending Department for the month of July.

$($G$)$ Compute the costs transferred out for July $2020.$

$($H$)$ Compute the July $31$ Work$-$in$-$Process Inventory balance.