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:

	Physical Units	Direct	Conversion
	(Watches)	Materials	Costs

Beginning work in process (May 1)a	100	$738,600	$64,500
Started in May 2017	525
Completed during May 2017	480
Ending work in process (May 31)b	145
Total costs added during May 2017		$3,195,000	$1,415,000

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

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

Requirement

Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.

Enter the physical units first, then calculate the equivalent units.

	Physical
Flow of Production	Units
Work in process beginning
Started during current period
To account for
Completed and transferred out during current period
Work in process, ending
Accounted for
Equivalent units of work done to date