17-24 The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2017: Physical Units (Watches) Direct Materials Conversion Costs Beginning work in process (May 1) ^(a) 80 $493,360 $91,040 Started in May 2017 500 Completed during May 2017 460 Ending work in process (May 31) 120 Total costs added during May 2017 $3,220,000 $1,392,000 a Degree of completion: direct materials, 90%; conversion costs, 40%. ^(b) Degree of completion: direct materials, 60%; conversion costs, 30%. Required: A- Using the Weighted Average method B- Using the FIFO Method