Preston 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. Preston 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 Read the requirements. 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 Costs for October 2017 Work in process, beginning Direct materials $ 6,000 Total Production Costs Direct Materials Conversion Costs 20,000 $ 26,000 Completed and transferred out Conversion costs Direct materials added during October Conversion costs added during October Work in process, ending 30,000 70,000 126,000 Total costs to account for $ i Data Total costs to account for Print Done Conversion Costs 26,250 Physical Direct Units Materials Work in process, October 1 35,000 35,000 Started in October 40.000 Completed and transferred out during October 50,000 50.000 Work in process, October 31 25,000 25,000 Degree of completion direct materials, 100%; conversion costs, 75%. Degree of completion direct materials, 100%; conversion costs, 50%. Choose from any list or enter any number in the input fields and then click Check Answer. 50,000 12,500 parts 2 remaining Clear All