ount for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units comple ndin i Data Table costs Physical Units Direct Conversion Materials Costs (Watches) $459,888 $142,570 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 aDegree of completion: direct materials, 80%; conversion costs, 35%. bDegree of completion: direct materials, 80%; conversion costs, 40%. 100 510 450 160 $3.237,000 $1,916,000 ralent u Done Print current 498 nter any number in the input fields and then click Check Answer. Check Answer Clear All Ai e sts Equivalent Units Direct Conversion Flow of Production Materials Costs Completed and transferred out during current period. From beginning work in process 20 65 Started and completed 350 350 nt u 128 Work in process, ending 64 498 479 Equivalent units of work done in current period Print Done ent iald- ny number in the inn Question Help Ass The assembly division of Quality Time Pieces, Inc uses the FIFO method of process costing Consider the following data for the month of May 2017 (Click the icon to view the data) Do Click the icon to view the equivalent unit computation) Requirement Tak Summarize the total costs to account for, calculate the cost per equivalent unt for drect materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work in process Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Work in process, beginning 602,458 $ 459.888 $ 142,570 5.153,000 3.237 000 Costs added in current period 1,916,000 5.755 458 S 3,696 888 S 2.058 570 Tolal costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs Conversion Direct Materials Costs 20 65 costs added in current period 350 Divide by 498 Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer P Iype here to search