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The assembly division of Marzollo Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May

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The assembly division of Marzollo Time Pieces, 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) (Click the icon to view the equivalent unit computation) Read the rent Begin by summarizing the total costs to account for Data Table Total Production Costs Direct Materials Conversion Costs Total costs to account for Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1)" 70 $285,600 $100,400 Started in May 2017 480 Completed during May 2017 140 Ending work in process (May 31 110 Total costs added during May 2017 53.230,000 $1,400,000 *Degree of completion direct materials, 80%, conversion costs, 35% Degree of completion drect materials, 70%, conversion costs 40% Reference Print Done Physical Units Equivalent Units Direct Conversion Materials Costs 440 440 Flow of Production Completed and transferred out during current period Work in processending Accounted for Work done to date 77 44 110 550 Chel 517 2 Clear All

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