Consider the following data for the assembly division of a satellite manufacturer (Click the icon to view the assembly division data.) (Click the icon to view the equivalent unit computation.) The assembly division uses the weighted average method of process costing Required Summarize total costs to account for and assign these costs to units completed (and transferred out) and to units in ending work in process. Begin by summarizing the total costs to account for Total costs to account for Total Production Costs Direct Materials Conversion Costs Assembly division data Beginning work in process (May 1) Started in May Completed during May Ending work in process (May 31)b Costs added during May b. Physical Units Direct Conversion (satellites) 9 Materials $5,430,000 $1,001,480 Costs 65 48 26 $35,400,000 $15,345,000 Degree of completion: direct materials, 90%; conversion costs, 40%. Degree of completion: direct materials, 55%; conversion costs, 30%. - X at Equivalent unit computation W Flow of Production Completed and transferred out during current period Work in process, ending Accounted for Work done to date - X Equivalent Units Physical Direct Conversion Units Materials Costs 48 48 48 26 14 8 74 62 56