Homework: Chapter 17 Homework core: 0 of 10 pts E17-29 (similar to) Victory Corporation makes interlacking chlidren's blocks in a single processing department, Dinect materials are added at the start of preduction Convension cots ae added everly ughout preduction. Wkry uehe egverage 1 of 3 (O complete) HW Score: 0%, 0 of 25 p Question Help method of process costing. The following information for Odtober 2017 is avalable cate ion to view to cost iformation) (Cick the loon to view the equivalent unit inlormation) Read the teqirements Requirement 1. Summarire 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 Tetal Direct Conversion Production Costs Materials Total costs to account for t per equivalent unit for direct materials and conversion costs 1 Data Table Equivalent Units Physical DirectConversion Units Materials Costs Work in process, October 1 Started in October Completed and transferred out during October Work in process, October 31 20,000 20,000 14,000 80,000 25,000 75,000 75,000 37,500 25,000 25,000 a Degree of completion: direct materials, 100%; conversion costs, 70%. "Degree of completion: direct materials, 100%; conversion costs, 50%. Print Done Total Costs for October 2017 Work in process, beginning Direct materials $8,000 10,000 s 18,000 55,000 20,000 $ 93,000 Conversion costs Direct materials added during October Conversion costs added during October Total costs to account for Done 1. Calculate cost per equivalent unit for direct materials and conversion costs 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. Print Done