=+5-30 K Weighted-average method, equivalent units OBJECTIVES 8, 9 Consider the following data for the Assembly Division of FancyFree Watches. The Assembly Division uses the weighted-average method of process costing.

Physical units

(watches) Direct materials Conversion costs Beginning work in process (1 May)a 150 $3 152.25 $315 Started in May 2014 3650 Completed during May 2014 3500 Ending work in process (31 May)b 300 Total costs added during May 2014 $82 775.75 $18 532.50 a Degree of completion: direct materials, 90%; conversion costs, 40%.

b Degree of completion: direct materials, 60%; conversion costs, 30%.