Weighted-average method, equivalent units. Consider the following data for the assembly division of Stiles Watches, Inc. The assembly division uses the weighted-average method of process costing.

Required
Weighted-average method, assigning costs (continuation of 17-19) summarize total costs to account for, calculate cost per equivalent unit for direct materials and conversion costs, and assign total cost to units completed (and transferred out) and to units in ending work inprocess.

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Direct Conversion TUnits Materials Costs (Watches) Beginning work in process (May 1) Started in May 2012 Completed during May 2012 Ending work in process (May 31) Total costs added during May 2012 100 S 738,600 S 64,500 525 480 120 S 3,195,000 S 1.415,000 "Degree of completion: direct materials, 9000, conversion costs, 40% "D egree of completion: direct materials, 80%, conversion costs, 40%