Summarize the total cost to account for the cost per equivalent and conversion costs and assign to costs to units completed.

Data table Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 60 $249,750 $64,500 Started in May 2017 478 Completed during May 2017 443 Ending work in process (May 31) 95 Total costs added during May 2017 $2,598,000 $1,251,600 Degree of completion: direct materials, 80%; conversion costs, 25%. Degree of completion: direct materials, 40%, conversion costs, 20% Reference Equivalent Units Direct Conversion Materials Costs 12 Flow of Production Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Equivalent units of work done in current period 45 383 383 38 19 433 447 Requirement Summarize the total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to unit- Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs Divide by Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to units in ending work in process (WIP). Begin by calculating the total from Total Direct Conversion Production Costs Materials Completed and transferred out Costs (Click the icon to view the equivalent unit computation) Requirement Summarize the total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units.com Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs Divide by Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to units in ending work in process (WIP). Begin by calculating the total from be Direct Conversion Production Costs Materials Costs Completed and transferred out: Total Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for