Weighted-average method, equivalent units and unit costs. Consider the following data for the Assembly Division ofa satellite manufacturer:

REQUIRED 1. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
2. Calculate cost per equivalent unit for direct materials and conversion costs.LO1

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Physical Units (Satellites) Direct Materials Beginning work in process (May 1)* Started in May 2010 Completed during May 2010 8 Conversion Costs $ 5,426,960 $ 1,001,440 55 51. Ending work in process (May 31)+ Costs added during May 2010 12 $35,420,000 $15,312,000