85 Physical Units Direct Conversion (satellites) Materials Costs Beginning work in process (May 1) 8 $5,450,000 $1,001,450 Started in May 2018 Completed during May 2018 47 Ending work in process (May 31) 46 Costs added during May 2018 $35,440,000 $15,295,000 Degree of completion: direct materials, 90%; conversion costs, 40%. Degree of completion: direct materials, 60%; conversion costs, 25%. Consider the following data for the assembly division of a satellite manufacturer: E: (Click the icon to view the assembly division data.) The assembly division uses the weighted-average method of process costing. Required 1. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. 2. Calculate cost per equivalent unit for direct materials and conversion costs. Requirement 1. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, and then calculate the equivalent units. (Round your answers to the nearest cent.) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process, beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for Work done to date Requirement 2. Calculate cost per equivalent unit for direct materials and conversion costs. (Round your cost per equivalent unit to the nearest cent.) Direct Conversion Materials Costs Divide by: Cost per equivalent unit for work done to date