Chapter 17, Problem 17.29E

Weighted-average method, assigning costs. ZanyBrainy 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. ZanyBrainy uses the weighted-average method of process costing. The following information for October 2017 is available.

^a Degree of completion: direct materials, 100%; conversion costs, 80%.

^b Degree of completion: direct materials, 100%; conversion costs, 30%.

Total Costs for October 2017

Work in process, beginning
Direct materials	$ 5,760
Conversion costs	14,825	$ 20,585
Direct materials added during October		25,440
Conversion costs added during October		58,625
Total costs to account for		$104,650

1. 1. Calculate the cost per equivalent unit for direct materials and conversion costs.

  Required

1. 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.