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The assembly division of Gannett watches inc uses the fifo method of process costing. Uw data for the month of May 2017 (Click the icon

The assembly division of Gannett watches inc uses the fifo method of process costing. image text in transcribed
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Uw data for the month of May 2017 (Click the icon to view the equivalent unit computation 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. Total Production Costs Direct Materials Conversion Costs Data Table Reference Equivalent Units Direct Conversion Materials Costs Flow of Production Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 110 $543.000 $96,60 Started in May 2017 515 Completed during May 2017 465 Ending work in process (May 31) 160 Total costs added during May 2017 $3,690.000 51.211,600 Degree of completion Grect material. 70% conversion costs, 50% Degree of completion direct material, 65% conversion costs, 35% 33 Completed and transferred out during current period From beginning work in process Started and completed Work in process, ending 355 104 55 355 56 492 466 Equivalent units of work done in current penod Prins Done PO Esone ad out Input fields and then continue to the next question The assay division of Gannon Watches Inc. Povod of process costing Cond the folowing data for the month of May 2017 Click the icon to the data click the leon torquent unit computation Requirement Summarize the total costs or calculate Comper equivalent unit for direct manals and content and costo units completed (and transferred out and to unes in ending work in process Total Direct Conversion Production Cours Materials Costs Total costs 10 count for Next calculate cos pereunt for decals and conversion costs Direct Conversion Costs Materials Oy Cost per equivalent Frayssignal costs to its completed and transferred out) and to sin ending work in process (W Bign by acting the total from being retory. The calculate the total costs accounted for Conversion Total Product Costs Direct Materials Costs Completed and wastened out Torom being Totalcouts of completed and med Contacto Choose to my store any numbers and the contenuto

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