Learning TreeLearning Tree Corporation makes interlocking​children's blocks in a single processing department.

Direct ma
is available.

Work in​process,
OctoberOctober
1
Started in OctoberOctober
Completed and transferred out during OctoberOctober
Work in​process,
OctoberOctober
31
Superscript aaDegreeof​completion: direct​materials, 100%; conversion​costs, 70​%.
Superscript bbDegree of​completion: direct​materials, 100%; conversion​costs, 30​%.

Total Costs for October 2017

Work in process, beginning

Direct materials
Conversion costs
Direct materials added during October
Conversion costs added during October
Total costs to account for
Requirement 1. Summarize total costs to account for and calculate cost per equivalent unit for direct materials and conve
Begin by summarizing the 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 amo

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.

Completed and transferred out

Work in process, ending

Total costs accounted for

g department. Direct materials are added at the start of production. Conversion costs are added evenly throughout production. Learn

Equivalent Units
Physical Direct Conversion
Units MaterialsCosts
50,000a 50,000 35,000
65000
50000
65,000  
65,000   65,000 65,000
50,000b 50,000 15,000

Answer 1
Total costs to account for Total Production Costs

Beginning WIP $ 36,000

Costs added during October $ 130,000
$6,000 $ 166,000
30,000 $36,000
40,000 Answer 2
90,000 Direct materials
$166,000 Completed and transferred out 65,000
ect materials and conversion costs. (65,000 * 100 % complete)
Work in process 50,000
Total Direct Conversion (50,000 * 100 % complete)
ProductioMaterialsCosts Equivalent Units 115,000

Cost per equivalent Unit

Total Cost $ 46,000

per equivalent unit amounts to the nearest​cent.) divide by Equivalent Units 115,000
Direct Conversion Cost per equivalent Unit $ 0.40
MaterialsCosts Answer 3
Assignment of Costs
Total Production Costs

Completed and transferred out $ 123,500

work in process. Work in process, ending $ 42,500
Total Direct ConversioTotal costs accounted for $ 166,000.00
ProductioMaterialsCosts
oughout production. Learning TreeLearning Tree uses the​weighted-average method of process costing. The following information fo

Direct materials Conversion costs

$ 6,000 $ 30,000
$ 40,000 $ 90,000
$ 46,000 $ 120,000

Conversion costs
65,000
(65,000 * 100 % complete)
15,000
(50,000 * 30 % complete)
80,000

$ 120,000
80,000
$ 1.50

Direct materials Conversion costs

$ 26,000.00 $ 97,500.00
$ 20,000.00 $ 22,500.00
$ 46,000.00 $ 120,000.00
ing. The following information for October 2017