Brainiac Corporation makes interlockingchildren's blocks in a single processing department. Direct materials are added at the start of production. Conversion costs are added evenly throughout production. Brainiac uses theweighted-average method of process costing. The following information for October 2017 is available.

Homework: Homework Assignment #5 (Copy) Save Score: 0 of 1 pt 4 of 7 (4 complete) HW Score: 40.26%, 2.82 of 7 p X E17-29 (similar to) Question Help Brainiac 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. Brainiac uses the weighted-average method of process costing. The following information for October 2017 is available (Click the icon to view the equivalent unit information.) (Click the icon to view the cost information.) i Data Table X Read the requirements. Requirement 1. Summarize total costs to account for and calculate cost per equivalent unit for direct materials and conversion costs. Equivalent Units Begin by summarizing the total costs to account for. Physical Direct Conversion Total Direct Conversion Units Materials Costs Production Costs Materials Costs Work in process, October 1 20,000 20,000 16,000 Work in process, beginning $ 28,000 $ 8,000 Started in October 40,000 Completed and transferred out during October 10,000 10,000 10,000 Costs added in current period Work in process, October 31 50,000 50,000 15,000 Total costs to account for a Degree of completion: direct materials, 100%; conversion costs, 80%. Degree of completion: direct materials, 100%; conversion costs, 30%. i Data Table - X Total Costs for October 2017 Work in process, beginning Direct materials $ 8,000 Conversion costs 20,000 $ 28,000 Direct materials added during October 25,000 Conversion costs added during October 70,000 Total costs to account for $ 123,000 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done