The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2020:

Required

Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.

Transcribed Image Text:

Beginning work in process (May 1)² Started in May 2020 Completed during May 2020 Ending work in process (May 31)b Total costs added during May 2020 Physical Units (Watches) 80 500 460 120 Degree of completion: direct materials, 90%; conversion costs, 40%. Degree of completion: direct materials, 60%; conversion costs, 30%. Direct Materials $ 493,360 $3,220,000 Conversion Costs $ 91,040 $1,392,000