Question 5 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 2017: Conversion Costs Physical Units (Watches) Direct Materials 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%; conversin costs, 40% Required: Using FIFO method, compute (a) cost of units completed and (b) cost of ending work in process. (15 marks)