The assembly division of Fenton Watches, Inc. uses the weighted average method of process costing. Consider the following data for May 2020: (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. N Begin by summarizing total costs to account for. Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending Total costs to account for Ancier Reference Equivalent Units Direct Conversion Physical Units Materials Costs Flow of Production Completed and transferred out during current period 460 460 460 120 72 36 Work in process, ending 580 Accounted for 532 496 Work done to date Print Done Data Table Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 80 $493,360 $91,040 Started in May 2020 500 Completed during May 2020 460 120 Ending work in process (May 31) Total costs added during May 2020 $3,220,000 $1,392,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 60%; conversion costs, 30%. Print Done