E17-25 (book/static) The assembly division of Quality Time Peces, Inc. uses the weighted average method of process costing Consider the follow Click the icon to view the data) Click the icon to view the equivalent unit computation) Data Table Read the requirement Conversion Costs 5142,570 Begin by marting the total costs to account for Total Direct Conversion Production Costs Materials Costs Work in process, beginning 602 458 459 $ 570 Cosis added in current period 5153 000 3.237 000 1 916 000 5 5.755,458 $ Total costs to account for 3.696358 S 2058 570 Next, calculate cost per equivalent unit for direct materials and conversion costs Physkal Units Direct Watches Materials Beginning work in process (May 1) 100 $459.888 Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 53.237 000 Degree of completion direct materials. 80% conversion costs 35% Degree of completion direct materials 30%conversion costs 40% 51.916.000 Print Done Costs incurred to date Divade by equivalent units of work done to date Cost per equivalent un Frally s o lcos to completed and Direct Conversion Materials Costs $ 3.696,888 5 2,058.570 578 514 $ 6396 $ 4005 Reference - X red out) and to unitsin ending work in process Total Direct Conversion Production Costs Materials Costs Physical Equivalent Units Direct Conversion Materials Costs Units Completed and transferred out Work in processending Total costs accounted for Flow of Production Completed and transferred out during current period Work in process, ending Accounted for Work done to date Print Done