STEP 2 S5-6 Compute the equivalent units (process costing Step 2) Learning Objective 2) Thestar uses the weighted-average method in its process costing system. Products are transferred from the Shaping Department to the Painting Department. Operating data for the Painting Department for the month of January are as follows: Percent Complete with Respect Units to Conversion Beginning work in process inventory...1,200 Transferred in from the prior department during April Ending work in process inventory... 70% 80% What were the equivalent units for conversion costs in the Painting Department in January? 19 STEP 3: SUMMARIZE TOTAL COSTS (S) TO ACCOUNT FOR-EXHIBIT 5-7 Beginning work in process inventory Direct materials.. Conversion costs: 140,000 Direct labor Manufacturing overhead.... Total conversion costs $21,250 46,750 68,000 $208,000 Total costs to account for Sea View Shaping Department Month Ended October 31 Step 3: Total Costs to Account For Direct Materials Conversion Costs Total 2 Beginning work in process, October 1 3 Plus: Costs added during October 4 Total costs to account for 68,000 208,000 140,000 140,000$68,000 $ 208,000 NOTE: Conversion costs of $68,000- $21,250 of direct labor plus $46,750 of MOH