The assembly division of Cranberry Watches Inc, uses the weighted-average method of process costing. Consider the following data for the month of May 2014. Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units for direct materials and conversion costs, and assign costs to the units completed (and transferred out) and units in ending work in process Begin by summarizing the total costs to account for. Next calculate cost per equivalent unit for direct materials and conversion costs. Finally assign total costs to units completed (and transferred out) and to units in ending work in process. The assembly division of Cranberry Watches Inc, uses the weighted-average method of process costing. Consider the following data for the month of May 2014. Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units for direct materials and conversion costs, and assign costs to the units completed (and transferred out) and units in ending work in process Begin by summarizing the total costs to account for. Next calculate cost per equivalent unit for direct materials and conversion costs. Finally assign total costs to units completed (and transferred out) and to units in ending work in process