Data table

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	Physical Units	Direct	Conversion
	(Watches)	Materials	Costs

Beginning work in process (May1)a	100	$738,600	$142,800
Started in May 2017	525
Completed during May 2017	480
Ending work in process (May31)b	145
Total costs added during May 2017		$3,423,700	$1,625,600

aDegree

of completion: direct materials,

85%;

conversion costs,

30%.

bDegree

of completion: direct materials,

80%;

conversion costs,

40%.

The assembly division of

StilesWatches,

Inc. uses the FIFO method of process costing. Consider the following data for the month of May

2017:

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Requirement

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

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Part 1

Enter the physical units in first, then calculate the equivalent units.

	Physical
Flow of Production	Units
Work in process, beginning
Started during current period
To account for
Completed and transferred out during current period:
From beginning work in process
Started and completed
Work in process, ending
Accounted for
Equivalent unts of work done in current period