The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2017:

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

Transcribed Image Text:

Beginning work in process (May 1)a Started in May 2017 Completed during May 2017 Ending work in process (May 31)b Total costs added during May 2017 Physical Units (Watches) Direct Materials 80 $ 493,360 500 460 120 * Degree of completion: direct materials, 90%; conversion costs, 40%. Degree of completion: direct materials, 60%; conversion costs, 30%. Conversion Costs $ 91,040 $3,220,000 $1,392,000