Learning TreeLearning 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 TreeLearning Tree uses the weighted-average method of process costing. The following information for October 2017

is available.

	Equivalent Units
	Physical	Direct	Conversion
	Units	Materials	Costs

Work in process, OctoberOctober 1

50,000a

50,000

35,000

Started in OctoberOctober	65,000
Completed and transferred out during OctoberOctober	65,000	65,000	65,000
Work in process, OctoberOctober 31	50,000b	50,000	15,000

Superscript aaDegreeof completion: direct materials, 100%; conversion costs, 70%.

Superscript bbDegree of completion: direct materials, 100%; conversion costs, 30%.

Total Costs for October 2017
Work in process, beginning
Direct materials	$6,000
Conversion costs	30,000	$36,000
Direct materials added during October		40,000
Conversion costs added during October		90,000
Total costs to account for		$166,000

Requirement 1. Summarize total costs to account for and calculate cost per equivalent unit for direct materials and conversion costs.

Begin by summarizing the total costs to account for.

		Total	Direct	Conversion
		Production Costs	Materials	Costs
Total costs to account for

Now calculate cost per equivalent unit for direct materials and conversion costs. (Round the cost per equivalent unit amounts to the nearest cent.)

		Direct	Conversion
		Materials	Costs
Divide by
Cost per equivalent unit

Requirement 2. Assign total costs to units completed (and transferred out) and to units in ending work in process.

		Total	Direct	Conversion
		Production Costs	Materials	Costs
Completed and transferred out
Work in process, ending
Total costs accounted for