The following data is for the Assembly Division of Fancy Watches. The assembly division uses the weighted average method of process costing.

The degree of completion of WIP at the end of month: direct materials 60%, conversion costs: 30% Required:

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

Physical units (watches) Direct materials Conversion costs 0 3800 Beginning WIP Started in month Completed in month Ending WIP Total costs for the period 3500 300