Tyke Time 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. Tyke Time uses the weighted average method of process costing. The following information for October 2020 is available (Click the icon to view the equivalent unit information.) (Click the icon to view the cost information.) Read the requirements Data Table Total Costs for October 2020 Requirement 1. Summarize total costs to account for and calculate cost per equivalent unit for direct materials and conversion costs. Work in process, beginning Begin by summarizing total costs to account for. Direct materials $ Total Direct Conversion 6,000 30,000 $ Conversion costs 36,000 Production Costs Materials Costs 40,000 Completed and transferred out Direct materials added during October Conversion costs added during October 90,000 Work in process, ending $ 166,000 Total costs to account for 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 Print Done 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 inventory. - hod of Tyke Time Corporation makes interlocking children's blocks in a single processing department. Direct materials are added at the start of production. process costing. The following information for October 2020 is available. (Click the icon to view the equivalent unit information.) (Click the icon to view the cost information.) Requirements Read the requirements. 1. Calculate cost per equivalent unit for direct materials and conversion costs. 2. Summarize total costs to account for and assign them to units completed (and transferred out) and to units in ending work-in-process inventory. VUITULU JITU LUITJIUTUU uur Work in process, ending 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.) Print Done Direct Conversion Materials Costs Divide by Data Table Cost per equivalent unit Requirement 2. Assign total costs to units completed (and transferred out) and to units in ending work in process inventory Equivalent Units Total Direct Conversion Physical Direct Conversion Production Costs Materials Costs Costs Completed and transferred out 37,500 Work in process, ending Units Materials Work in process, October 1 50,000a 50,000 Started in October 65,000 Completed and transferred out during October 65,000 65,000 Work in process, October 31 50,0000 50,000 Degree of completion: direct materials, 100%; conversion costs, 75% bDegree of completion direct materials, 100%, conversion costs, 30%. 65,000 15,000 Total costs accounted for Choose from any list or enter any number in the input fields and then continue to the next