Data Table The emblydion of the Watches, Inces the weighted average method of process costing. Consider the following out for the month of May 2017 Ok the icon to view the data) Ck the icon to view the event une computation) Physical Units Direct Cern (Watches Materials Costs Beginning work in pross (May 1" 567350 Started in May 2017 Completed during May 2017 43 Ending work in process (May 1 130 Total costs added during May 2017 33.24000051410000 Degree of competion de ces conversion o 35% Degree of color de conversion costs 20% Neste caso prevent for red materials and conversion costs Direct Conversion Materials Costs Reference - X Cost per equivalent Facts to completed and transferred and lots mening work in proces Total Det Conversion Product Costs Materials Costs Corted andra Equivalent Physical Direct Conveni Mers Cost 443 Flow of Production Corted and red out during current period 57 Ace Choose from onery in the old and the continue to the next question P Dono The assembly division of Stiles Watches, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: Click the icon to view the data.) (Click the icon to view the equivalent unit computation) Read the requirement Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials Costs Work in process, beginning 78 Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs Divide by Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to units in ending work in process Total Production Costs Direct Materials Conversion Costs Choose from any list or enter any number in the input fields and then continue to the next question Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 78 $249,750 $67,350 Started in May 2017 495 Completed during May 2017 443 Ending work in process (May 31) 130 Total costs added during May 2017 $3,240,000 $1,410,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 40%; conversion costs, 20%. - 0 Reference Physical Units Equivalent Units Direct Conversion Materials Costs 443 443 Flow of Production Completed and transferred out during current period Work in process, ending Accounted for 443 130 52 26 573 495 469 Work done to date Print Done ANA