Requirement

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

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

Physical

Flow of Production

Units

Equivalent units

Direct materials

Conversion Cost

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

The assembly division of Marzollo 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.) A Data Table - XL first column of your schedule. Conversion Costs $100,400 515 Physical Units Direct (Watches) Materials Beginning work in process (May 19 110 $543,000 Started in May 2017 Completed during May 2017 465 Ending work in process (May 31) 160 Total costs added during May 2017 $3,690,000 Degree of completion direct materials, 70%, conversion costs, 50%. bDegree of completion direct materials, 65%, conversion costs, 35%. $1,211,600