calculate cost per equivalent unit for direct materials and conversion costs.

(Click the icon to view the data.) Requirement (Click the icon to view the equivalent unit computation.) e Question 1 e Question 2 e Question 3 Z Question 4 e Question 5 e Question 6 O Question 7 Data table Beginning work-in-process (1 Mayr Started in May, this year Completed during May, this year b Ending work-in-process (31 May) Total costs added during May, this year Summarise total costs to account for, calculate cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed (and transferred out) and to units in ending work-in-process. Begin by summarising the total costs to account for. (Complete the necessary drop downs. Fill in the relevant cells with its corresponding figures.) Total Production Costs 386,000 Direct Materials 285,600 Conversion Costs 100,400 Work-in-process, beginning Costs added in current period Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. (Complete the necessary drop downs. Fill in the relevant cells with its corresponding figures.) Direct Materials Conversion Costs Costs incurred to date Divide by: Equivalent units of work done to date Data table Flow of Production Completed and transferred out during current period Work-in-process, ending Accounted for Work done to date Print Equivalent Units Conversion Direct Physical Units (Watches) 70 480 110 Direct Materials 285,600 Conversion Costs 100,400 Physical Units 440 110 550 Done Materials 440 77 517 Costs 440 44 484 a Degree of completion: direct materials, 90%; conversion costs, b Degree of completion: direct materials, 70%; conversion costs, 40%. 40%.