nt period I for Data Table X er equiva e ut units of Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 100 $459,888 $142,570 Started in May 2017 510 Completed during May 2017 450 Ending work in process (May 31) 160 Total costs added during May 2017 $3,237,000 $1,916,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion direct materials, 80%; conversion costs, 40%. init ests to un Ferred out Print Done ing for 3696888 2314890 6011778 he assembly division of Quality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) ead the requirement Costs added in current period 0 Reference X otal costs to account for ext, calculate cost per equiva Physical Units 450 Equivalent Units Direct Conversion Materials Costs 450 450 Costs incurred to date Divide by equivalent units of Cost per equivalent unit inally, assign total costs to un 160 Flow of Production Completed and transferred out during current period Work in process, ending Accounted for Work done to date 128 64 610 578 514 Print Done Completed and transferred ou Work in process, ending otal costs accounted for 3696888 2314890 6011778 iter any number in the edit fields and then click Check Answer. 4x E17-25 (book/static) Question Help The assembly division of Quality Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. Costs added in current period 5, 153,000 3,237,000 1,916,000 Total costs to account for 5,755,458 $ 3,696,888 $ 2,058,570 Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs Costs incurred to date $ 3,696,888 $ 2,058,570 Divide by equivalent units of work done to date 514 Cost per equivalent unit 6,396 $ 4,005 Finally, assign total costs to units completed (and transferred out) and to units in ending work in process. 578 Conversion Costs Total Production Costs 2878200 818688 Direct Materials 1802250 512640 4680450 1331328 Completed and transferred out Work in process, ending Total costs accounted for 3696888 2314890 6011778