Finally, assign total costs to units completed (and transferred out) and to units in endog work-in-process inventory Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending Total costs accounted for The assembly division of Fenton Watches, Inc. uses the weighted average method of process costing. Consider the following data for May 2020: (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement Begin by summarizing total costs to account for. Work in process, beginning Costs added in current period Total Direct Conversion Production Costs Materials Costs $ 584,400 $ 493,360 $ 91,040 4,612,000 3,220,000 1,392,000 $ 5,196,400 S 3,713,360 $ 1,483,040 Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs $ 3,713,360 $ 1,483,040 532 Costs incurred to date Divide by equivalent units of work done to date 496 Reference Equivalent Units Direct Conversion Physical Units Materials Costs Flow of Production Completed and transferred out during current period 460 460 460 120 72 36 Work in process, ending 580 Accounted for 532 496 Work done to date Print Done ata Table Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 80 $493,360 $91,040 Started in May 2020 500 Completed during May 2020 460 120 Ending work in process (May 31) Total costs added during May 2020 $3,220,000 $1,392,000 *Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 60%, conversion costs, 30%. Print Done 496 532 tiivalent units of work done to date