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

Equivalent unit information

	Physical Units	Direct Materials	Conversion Costs
Work in process, October 1	20,000 a.	20,000	16,000
Started in October	80,000
Completed and transferred out during October	25,000	25,000	25,000
Work in process, October 31	75,000 b.	75,000	37,500
a. Degree of Completion: Direct materials, 100%, Conversion costs, 80%
b. Degree of Completion: Direct materials, 100%, Conversion costs, 50%

Cost information

Total Costs for October 2017
Work in process, beginning
Direct materials	$8,000
Conversion costs	25,000	$33,000
Direct materials added during October		50,000
Conversion costs added during October		65,000
Total costs to account for		$148,000

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

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