weighted-average method of process costing. Consider the following data for the month of May 2020: Physical Units (Watches) Direct Materials Conversion Costs

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18-24 Weighted-average method, equivalent units. The assembly division of Fenton Watches, Inc., uses
the weighted-average method of process costing. Consider the following data for the month of May 2020:
Beginning work in process (May 1)ª
Started in May 2020
Completed during May 2020
Ending work in process (May 31)b
Total costs added during May 2020
Physical Units
(Watches)
80
500
460
120
*Degree of completion: direct materials, 90%; conversion costs, 40%.
Degree of completion: direct materials, 60%; conversion costs, 30%.
Direct
Materials
$ 493,360
$3,220,000
Conversion
Costs
$ 91,040
$1,392,000
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column
of your schedule.
Transcribed Image Text:18-24 Weighted-average method, equivalent units. The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2020: Beginning work in process (May 1)ª Started in May 2020 Completed during May 2020 Ending work in process (May 31)b Total costs added during May 2020 Physical Units (Watches) 80 500 460 120 *Degree of completion: direct materials, 90%; conversion costs, 40%. Degree of completion: direct materials, 60%; conversion costs, 30%. Direct Materials $ 493,360 $3,220,000 Conversion Costs $ 91,040 $1,392,000 Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
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