The assembly division of Quality 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 requirement? Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials Costs (1) Work in process, beginning (2) Costs added in current period Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs (3) Divide by (4) Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to units in ending work in process. Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending Total costs accounted for 1: Data Table Direct Conversion Physical Units (Watches) 100 510 450 160 Materials $459,888 Costs $142,570 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 $3,237,000 $1,916,000 Degree of completion direct materials, 80%; conversion costs, 35%. Degree of completion direct materials, 80%; conversion costs, 40%. 2. Reference Physical Units Equivalent Units Direct Conversion Materials Costs 450 450 Flow of Production Completed and transferred out during current period Work in process, ending 450 160 128 64 610 Accounted for 578 514 Work done to date