Learning Tree Corporation makes interlocking children's blocks in a single processing department. Direct materials are added at
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Question:
Learning Tree Corporation makes interlocking children's blocks in a single processing department. Direct materials are added at the start of production. Conversion costs are added evenly throughout production. Learning Tree uses the weightedaverage method of process costing. The following information for October is available.
Click the icon to view the equivalent unit information.
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the cost information.
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Requirement Summarize total costs to account for and calculate cost per equivalent unit for direct materials and conversion costs.
Begin by summarizing total costs to account for.
tabletableTotalProduction CoststableDirectMaterialstableConversionCostsCompleted and transferred out,Work in process, ending,,,Total costs to account for,,,
Data table
tableEquivalent UnitstablePhysicalUnitstableDirectMaterialstableConversionCostsWork in process, October Started in October,Completed and transferred out during October,Work in process, October a Degree of completion: direct materials, ; conversion costs, begree of completion: direct materials, ; conversion costs,
Clear all
Data table
Total Costs for October
Work in process, beginning
Direct materials
Conversion costs
$
a
b
Direct materials added during October.
$
Conversion costs added during
October
Total costs to account for
$
Requirements
Calculate cost per equivalent unit for direct materials and conversion costs.
Summarize total costs to account for and assign them to units completed and transferred out and to units in ending workinprocess inventory.
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
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