AB Process Costing 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 the month of May 2017: Physical Units (Watches) 100 510 450 160 Direct Materials $459,888 Conversion Costs $142,570 In mom $3,237,000 $1,916,000 Beginning work in process (May 1)" Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 Degree of completion: Direct materials Conversion costs Degree of completion: Direct materials Conversion costs 80% 35% 80% 40% 17 18 10 In the hunchadadaanantha CNTED ANICILEDC tab for innute Always use cell references and formulas where appropriate to receive full credit. If you 20 copy/paste from the Instructions tab you will be marked wrong. 22 Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in 23 the first column of your schedule. 24 a. Enter all amounts as positive values. 25 BC (Always use cell references and formulas where appropriate to receive full credit. If you 1 copy/paste from the Instructions tab you will be marked wrong.) Physical Units Equivalent Units Direct Conversion Materials Costs 5 Work in process, beginning 6 Started during current period 7 To account for 8 Completed and transferred out during current period 9 Work in process, ending 10 Accounted for 11 Equivalent units of work done to date 12