Weighted-average method, equivalent units and unit costs. Consider the following data for the Assembly Division of Fenton Watches Inc.:

The Assembly Division uses the weighted-average method of process costing.
REQUIRED Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.LO1

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Beginning work in process (May 1)* Started in May 2010 Completed during May 2010 Ending work in process (May 31)+ Costs added during May 2010 Direct Physical Units Materials Conversion Costs 80 $ 493,360 $ 91,040 500 460 120 $3,220,000 $1,392,000