Victory 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. Victory uses the weighted-average method of process costing. The following information for October 2020 is available. Requirement 1. Summarize total costs to account for and calculate cost per equivalent unit for direct materials and conversion costs. Begin by summarizing 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 Data table Total Costs for October 2020 Data table Equivalent Units Physical Direct Conversion Units Materials Costs Work in process, October 1 20,000a 20,000 14,000 Started in October 80,000 Completed and transferred out during October 25,000 25,000 25,000 Work in process, October31 75,000t' 75,000 37,500 21Degree of completion: direct materials, 100%; conversion costs, 70% DDegree of completion: direct materials. 100%; conversion costs, 50% Work in process. beginning Direct materials 8 Conversion costs Direct materials added during October Conversion costs added during October Total costs to account for 0,000 $ 33.000 50.000 05000 $ l48,000 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