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Please help me solve! Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign

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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. The assembly division of Cranberry 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 Costs added in current period Total costs to account for Conversion Costs $96,550 Physical Units Direct (Watches) Materials Beginning work in process (May 1)a 82 $549,300 Started in May 2017 505 Completed during May 2017 467 Ending work in process (May 31) 120 Total costs added during May 2017 $3,235,000 a Degree of completion: direct materials, 80%; conversion costs, 35%. b Degree of completion: direct materials, 55%; conversion costs, 35%. $1,405,000 Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs 467 467 467 Completed and transferred out during current period Work in process, ending 120 66 42 587 Accounted for 533 509 Work done to date

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