The assembly division of Gannett 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.) 3 (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing the total costs to account for. Total Direct Conversion Requirement Production Costs Materials Costs 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 completed (and transferred out) and units in ending work in process. Total costs to account for Data table Reference ..... Conversion Equivalent Units Costs Physical Direct Conversion $91,040 Flow of Production Units Materials Costs Completed and transferred out during current period 460 460 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 80 $493,360 Started in May 2017 500 Completed during May 2017 460 Ending work in process (May 31) 120 Total costs added during May 2017 $3,220,000 a Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 60%; conversion costs, 30%. 460 120 Work in process, ending 72 36 $1,392,000 580 Accounted for 532 496 Work done to date