te the total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, an mits complr i Data Table summarizi Conversion Costs $67,350 s to accou Physical Units Direct (Watches) Materials Beginning work in process (May 1) 40 $480,800 Started in May 2017 485 Completed during May 2017 Ending work in process (May 31) 80 Total costs added during May 2017 $2,916,900 Degree of completion: direct materials, 75%; conversion costs, 20%. "Degree of completion: direct materials, 60%; conversion costs, 20%. 445 ulate cost $1,087,200 Print Done Hivision of Walton Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data con i Reference tota bsts, ompl arizi Equivalent Units Direct Conversion Materials Costs Flow of Production Completed and transferred out during current period: From beginning work in process Started and completed mccoy Work in process, ending cost Equivalent units of work done in current period Print Done The assembly division of Walton Time Pieces, Inc. uses the FIFO 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.) 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 completed (and transferred out) and to units in ending work in process. Begin by summarizing the total costs to account for Conversion Total Production Costs Direct Materials Costs Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Materials Conversion Costs Divide by Cost per equivalent unit Save 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 beginning inventory, then calculate the total costs accounted for Dre Choose from any list or enter any number in the input fields and then continue to the next question. 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 beginning inventory, then calculate the total costs accounted for. Total Direct Conversion Production Costs Materials Costs Completed and transferred out: 3/02 3/02 Total from beginning inventory Total costs of units completed and transferred out Save Total costs accounted for Dr Choose from any list or enter any number in the input fields and then continue to the next question. Pro Completed and transferred out: Costs added to beginning WIP in current period Equivalent units of work done in current period Started and completed Work in process, beginning Work in process, ending ve Total costs accounted for
