ZanyBrainy's management seeks to have a more consistent cost per equivalent unit Which method of process costing should the company choose and why?

Reference 17-29:

Weighted-average method, assigning costs.

ZanyBrainy 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. ZanyBrainy uses the weighted-average method of process costing_ The following information for October 2017 is available.

Calculate the cost per equivalent unit for direct materials and conversion costs. Summarize the total costs to account for, and assign them to units completed (and transferred to units in ending work in process.

Transcribed Image Text:

Total Costs for October 2017 Work in process, beginning Direct materials Conversion costs Direct materials added during October Conversion costs added during October Total costs to account for $5,760 14,825 $ 20,585 25,440 58,625 $104,650 Total Costs for October 2017 Work in process, beginning Direct materials Conversion costs Direct materials added during October Conversion costs added during October Total costs to account for $5,760 14,825 $ 20,585 25,440 58,625 $104,650

Answer rating: 100% (QA)

Equivalents units In the process of manufacturing some units are fully assembled and some are partially assembled a common metric is needed to compare ... View the full answer