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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: - Degree of completion: direct materiais, 80%, conversion costs, 35%. Degree of completion: direct materials, 80%, conversion costs, 40%. 18-26. FIFO METHOD, EQUIVALENT UNITS. Refer to the information in Exercise 18-24. Suppose the assembly division at Quality Time Pieces, Inc. uses the FIFO method of process costing instead of the weighted-average method. Required Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. 18-27. FIFO METHOD, ASSIGNING COSTS (CONTINUATION OF 18-26). Required For the data in Exercise 18-24, use the FIFO method to summarize total costs to account for, calculate cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work-in-process inventory