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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 May 2020: (Click the icon
The assembly division of Marzollo Time Pieces, 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. Begin by summarizing total costs to account for. i 1 Reference Total Production Costs Direct Materials Conversion Costs Physical Units Equivalent Units Direct Conversion Materials Costs Total costs to account for Flow of Production Completed and transferred out during current period 450 450 450 145 Work in process, ending 116 58 i Data Table 595 Accounted for Work done to date 566 508 Conversion Print Done Costs $63,200 Physical Units Direct (Watches) Materials 85 Beginning work in process (May 1) S464,000 Started in May 2020 510 Completed during May 2020 450 Ending work in process (May 31) 145 Total costs added during May 2020 $3,215,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion direct materials, 80%; conversion costs, 40%. $1,390,000 er. Print Done Clear All Check
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