The assembly division of Quality Time PiecesQuality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017:

Requirement

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

	Physical Units	Direct	Conversion
	(Watches)	Materials	Costs

Beginning work in process ( May 1) a	100	$459,888	$142,570
Started in May 20172017	510
Completed during May 2017	450
Ending work in process (May 31)	160
Total costs added during May 2017		$3,237,000	$1,916,000

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

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