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:

	Physical Units	Direct	Conversion
	(Watches)	Materials	Costs

Beginning work in process (May 1)a	85	$464,000	$83,200
Started in May 2017	510
Completed during May 2017	450
Ending work in process (May 31)b	145
Total costs added during May 2017		$3,215,000	$1,390,000

a. Degree of completion: direct materials, 80%; conversion costs, 35%.

b. Degree of completion: direct materials, 80%; conversion costs, 40%.

		Equivalent Units
Flow of Production	Physical Units	Direct Materials	Conversion Costs
Completed and transferred out during current period	450	450	450
Work in process, ending	145	116	58
Accounted for	595
Work done to date		566	508

Requirements

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.

Begin by summarizing the total costs to account for.

		Total	Direct	Conversion
		Production Costs	Materials	Costs
Total costs to account for