18-24 Weighted-average method, equivalent units. The assembly division of Quality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for May 2020: Physical Units (Watches) Direct Materials Conversion Costs Beginning work in process (May 1) Started in May 2020 Completed during May 2020 Ending work in process (May 31)b Total costs added during May 2020 100 $ 459,888 $ 142,570 510 450 160 $3,237,000 $1,916,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 80%; conversion costs, 40%. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. and for conversion units, respectively. Equivalent Units for direct materials were 578 costs were 51 For Question 18-24/18-25 using the weighted average method: The Material Cost per equivalent unit was The Conversion Cost per equivalent unit was Cost of Goods Manufactured totaled Material Costs in Ending Work in Process totaled Conversion Costs in Ending Work in Process totaled $256,320 $639.60 units. For questions 18-26 and 18-27 using FIFO: Equivalent Units for direct materials were type your answer.. and for conversion costs were type your answer... respectively. For Question 18-26/18-27 using the FIFO method: The Material Cost per equivalent unit was The Conversion Cost per equivalent unit was Cost of Goods Manufactured totaled Material Costs in Ending Work in Process totaled Conversion Costs in Ending Work in Process totaled The Total Cost of units started and completed was > > > < >