Bio Doc Corporation is a biotech company based in Milpitas. 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 information for July 2011 is available.

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Bio Doc Corporation is a biotech company based in Milpitas. 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 information for July 2011 is available.
Physical Direct Conversion Units Materials Costs Work in process, July 1 8,500a 8,500 1,700 Started during July 35,000 Completed and transferred out during July 33,000 33,000 33,000 Work in process, July 31 10,500b 10,500 6,300
Degree of completion: direct materials, 100%; conversion costs, 20%. Degree of completion: direct materials, 100%; conversion costs, 60%.
Total Costs for July 2008 Work in process, beginning $63,100 Direct materials 45,510 Conversion costs $108,610 Direct materials added during July 284,900 Conversion costs added during July 485,040 Total costs to account for $878,550
1. Calculate 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 transferred out) and to units in ending work in process.

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Bio Doc Corporation is a biotech company based in Milpitas. 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 information for July 2011 is available.
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