Weighted average method, equivalent units Consider the following data for the Assembly Division of Fenton Watches, Inc The Assembly Division uses the weighted average method of process costing Physical Units (Watches) 80 Direct Materials $ 493,360 Conversion Costs $ 91,040 Beginning work in process (May 1) Started in May 2009 Completed during May 2009 Ending work in process (May 31) Total costs added during May 2009 500 460 120 $3,220,000 $1,392,000

Question: Weighted-average method, equivalent units. Consider the following data for the Assembly Division of Fenton Watches, Inc.: The Assembly Division uses the weighted-average method of process

Weighted-average method, equivalent units. Consider the following data for the Assembly Division of Fenton Watches, Inc.: The Assembly Division uses the weighted-average method of process costing.

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

Physical Units (Watches) 80 Direct Materials $ 493,360 Conversion Costs $ 91,040 Beginning work in process (May 1)" Started in May 2009 Completed during May 2009 Ending work in process (May 31) Total costs added during May 2009 500 460 120 $3,220,000 $1,392,000

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