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The assembly division of Quality Time Pieces, Inc, uses the weighted$-$average method of process costing. Consider the following data for May $2020$:

$($Click the icon to view the data.$)$

$($Click the icon to view the equivalent unit computation.$)$

Read the requirement.

Begin by summarizing total costs to account for:

$\backslash$table$[[,\backslash$table$[[$Total$],[$Production Costs$]],\backslash$table$[[$Direct$],[$Materials$]],\backslash$table$[[$Conversion$],[$Costs$]]],[$Completed and transferred out,$450,100,],[$Work in process, ending,$160,,],[$Total costs to account for,$610,$NIII,D$]]$

Next, calcul$$te cost per equivalent unit for direct materials and conversion costs.

$\backslash$table$[[,\backslash$table$[[$Direct$],[$Materials$]],\backslash$table$[[$Conversion$],[$Costs$]]],[,,]]$

Finally, assign total costs to units completed $($and transferred out$)$ and to units in ending work$-$in$-$process inventory.

Total

Direct :

Conversion

$\backslash$table$[[,$Production Costs Materials Costs$],[$Completed and transferred out,$],[$Work in process, ending,$],[$Total costs accounted for,$]]$