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= Homework: Ch 17 Hwk Question 12, E17-25 (Si... Part 1 of 3 > HW Score: 55%, 55 of 100 points O Points: 0 of
= Homework: Ch 17 Hwk Question 12, E17-25 (Si... Part 1 of 3 > HW Score: 55%, 55 of 100 points O Points: 0 of 30 The assembly division of Marzollo Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017 B (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 x Requirement Production Costs Materials Costs Summarize the total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units completed (and transferred out) and units in ending work in process. Total costs to account for Print Done - X -X X Data Table Reference Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 85 $464,000 $83,200 Started in May 2017 510 Completed during May 2017 450 Ending work in process (May 31) 145 Total costs added during May 2017 $3,215,000 $1,390,000 Degree of completion direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 80%, conversion costs, 40%. Physical Units 450 Equivalent Units Direct Conversion Materials Costs 450 450 Flow of Production Completed and transferred out during current period Work in process, ending 145 116 58 595 Accounted for 566 508 Work done to date Print Done Print Done
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