The assembly division of Quality Time Pieces, Inc. uses the welghted-average method of process costing....
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The assembly division of Quality Time Pieces, Inc. uses the welghted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the date.) (Click the icon to view the equivalent unit computation.) Read the require Begin by summarizing the total costs to account for. Total - X Direct Reference i Conversion Costs Production Costs Materials Completed and transferred out Work in process, ending Total costs to account for Physical Units 450 Equivalent Units Direct Conversion Materials Costs 450 450 Flow of Production Completed and transferred out during current period Work in process, ending 128 64 To 160 610 Data Table - X Accounted for 578 514 Work came to date Print Done Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1)." 100 S459,888 3142.570 Started in May 2017 510 Completed during May 2017 150 Ending work in process May 31/" 160 Total costs added during May 2017 $3237,000 $1,916 000 Degree of completion direct materials, 60%; conversion costs, 35%. "Degree of completion direct materials, 80%: conversion costs. 40%. Print Done Choose from any
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