Total Costs for October $2017$

Required:

Summarized the total cost of materials to account for and conversion costs to account for.

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

Assign costs to units completed $($and transferred out$)$ and to units in ending work in process.

Prepare summary journal entries for the use of direct materials and incurrence of conversion costs.

Assume that cost of units completed and transferred out is $$73,255$ and cost of units in ending work in

process is $$31,395,$ prepare a journal entry to transfer out the cost of goods completed.

Cost Information

Assignment of costs: