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Homework: Chapter 17 Homework Score: 0.39 of 1 pt 14 of 17 (17 complete) & E17-25 (book/static) The assembly division of Quality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: EEB (Click the icon to view the data.) Read the requirement (Click the icon to view the equivalent unit computation.) Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials Costs Work in process, beginning Costs added in current period Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. 602,458 $ 459,888 $ 142,570 1,916,000 5,755,458 3,696,888 $ 2,058,570 5,153,0003.237.000 Direct Conversion Materials Costs Divide by Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Check Answer 1 Data Table Physical Units Direct Conversion (Watches)Materials Costs $459,888 $142,570 100 510 450 160 nBeginning work in process (May 1)a Started in May 2017 on Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 80%; conversion costs, 35%. b Degree of completion: direct materials, 80%; conversion costs, 40%. $3,237,000 $1,916,000 Print Done 1 Reference Equivalent Units Physical Direct Conversion Units Materials Costs Flow of Production 450 160 610 450 450 Completed and transferred out during current period Work in process, ending Accounted for Work done to date 128 578 514 Print Done

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