The assembly division of Walton 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.) 3 (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing the total costs to account for. Reference Work in process, beginning Total Direct Conversion Production Costs Materials Costs 503,750 $ 432,500 $ 71,250 4,620,000 3,225,000 1,395,000 5,123,750 $ 3,657,500 $ 1,466,250 Equivalent Units Direct Conversion Costs added in current period Physical Flow of Production Units Materials Costs Total costs to account for Completed and transferred out during current period 470 470 Next, calculate cost per equivalent unit for direct materials and conversion costs. 125 Work in process, ending 80 Direct Conversion 595 Accounted for Materials Costs 550 Work done to date Divide by Print Done Cost per equivalent unit