Weighted average method, equivalent units. Consider the following data for the assembly division of Fringe Watches, Inc. The assembly division uses the weighted-average method of process costing. Physical Units Direct Conversion (Watches) Costs Beginning work-in-process (May 1) A 160 $ 493,160 $ 90,000 Started in May 2019 500 Completed during May 2019 460 Ending work-in-process (May 31) 200 Total costs added during May 2019 $ 3,220,000 $ 1,392,000 A Degree of completion: direct materials, 100%; conversion costs, 40%. B Degree of completion: direct materials, 100%; conversion costs, 30% SHOW YOUR WORK IN GOOD FORM. Set your work up using the five steps like the problems that we covered in the Power Point Slides. Step 1 - Compute the physical units to be accounted for. Then compute the physical units accounted for Step 2 - Compute the equivalent units for direct materials and conversion costs. Step 3 - Compute the total costs to account for. Total Production Costs in column 1, Direct Materials in column 2, and Conversion Costs in column 3. Step 4 - Compute the cost per equivalent unit of work done to date. Step 5 - Assign total costs to units completed and transferred out and to units in ending inventory. The costs accounted for should balance with the Step 3 total costs to account for