Consider the following data for the assembly division of Fenton Watches Inc.:

The assembly division uses the weighted-average method of process costing.
Required
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.

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Direct Conversion Costs Physical Units Materials Beginning work in process (May 1) Started in May 2015 Completed during May 2015 Ending work in process (May 31) Costs added during May 2015 *Degree of completion: direct materials, 90%; conversion costs, 40%. 80 500 460 120 S 493,360 S 91,040 3,220,000 $1,392,000 Degree of completion: direct materials, 60%; conversion costs, 30%.