Question: Weighted Average Method, Assigning costs. Consider the following data for assembly division of a satellite manufacturer:

Physical units(satellites) Direct materials Conversion costs

Beginning work in process(May1) 8 $ 5426960 $ 1001440

Started in May 2018 55

Completed during May 2018 51

Ending work in process(may 31) 12

Costs added during may 2018 $ 35420000 $ 15312000

1.Degree of completion, direct materials , 90%; conversion costs , 40%

2. Degree of completion, direct materials , 60%; conversion costs , 30%

The assembly division uses the weighted average method of process costing.

REQUIRED

Summarize total costs to account for and assign these costs to units completed (and transferred out) and to units in ending work in process.