The assembly division of Canterbury Watches, Inc. uses the weighted average 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.) Read the requirement. 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 accian total coste to unite comnleted (and transferred out and to unite in ending work in process i X Data Table Physical Units Direct Conversion Costs $96,800 (Watches) Materials Beginning work in process (May 1) 105 $480,800 Started in May 2017 485 Completed during May 2017 445 Ending work in process (May 31) 145 Total costs added during May 2017 $3,190,000 a Degree of completion: direct materials, 80%; conversion costs, 35%. bDegree of completion: direct materials, 60%; conversion costs, 20%. $1,420,000 Print Done X Reference Equivalent Units Physical Direct Conversion Units Materials Costs Flow of Production Completed and transferred out during current period 445 445 445 145 Work in process, ending 87 29 590 Accounted for 532 474 Work done to date Print Done Finally, assign total costs to units completed (and transferred out) and to units in ending work in process. Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending Total costs accounted for