Data Table Physical Units Direct Conversion Costs $96,800 (Watches) Materials Beginning work in process (May 1)a 105 $480,800 Started in May 2020 485 Completed during May 2020 445 Ending work in process (May 31) 145 Total costs added during May 2020 $3,190,000 a Degree of completion: direct materials, 80%; conversion costs, 35%. bDegree of completion: direct materials, 60%; conversion costs, 20%. $1,420,000 Print Done Begin by summarizing total costs to account for. Total Direct Conversion Production Costs Materials Costs Work in process, beginning 622,900 $ 79,900 543,000 $ 3,210,000 Costs added in current period 4,595,000 1,385,000 $ 5,217,900 $ 3,753,000 $ 1,464,900 Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs 1 Costs incurred to date $ 3,753,000 $ 1,464,900 556 514 Divide by equivalent units of work done to date $ 6,750 $ 2,850 Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to units in ending work-in-process inventory. Total Direct Conversion Production Costs Materials Costs Completed and transferred out $ 4,464,000 $ 3,138,750 $ 753,900 614,250 1,325,250 139,650 Work in process, ending $ 5,217,900 $ 3,753,000 $ 1,464,900 Total costs accounted for