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The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May 2017: BE: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Equivalent Units Physical Units Direct Materials Conversion Costs i X Data Table - Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for Conversion Costs $67,350 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 78 $249,750 Started in May 2017 195 Completed during May 2017 Ending work in process (May 31, Total costs added during May 2017 $3,240,000 *Degree of completion direct materials, 80%, conversion costs, 35%. Degree of completion direct materials, 40%4; conversion costs, 20%. 443 $1.410.000 Equivalent units of work done to date Print Dune
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