3: Process Costing Consider the following data for the assembly department of Adina Watches Limited. The watches are assembled in Assembly Department and then transferred to Packaging Department. Physical Units (Watches) Direct Materials Conversion Costs Beginning work in process (October 1)a 80 $ 493,360 $ 91,040 Started in October2022 500 Completed during October 2022 460 Ending work in process (October 31)b 120 Total costs added during October 2022 $3,220,000 $1,392,000 aDegree of completion: direct materials, 90%; conversion costs, 40%. bDegree of completion: direct materials, 60%; conversion costs, 30%. Required 1. Determine the cost per equivalent unit for the Assembly Departments direct materials and conversion costs, and the total unit cost for the current period, under the i. Weighted-Average method ii. FIFO method Assign total costs to units completed (and transferred out) to Packaging