Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Data table - X Physical Units Direct Conversion (Watches) 100 Materials Costs $549,300 $71,250 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 95% conversion costs, 40%. Degree of completion: direct materials, 55% conversion costs, 35% 487 467 120 $3.460,200 $1.782.200 Print Done
Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Data table - X Physical Units Direct Conversion (Watches) 100 Materials Costs $549,300 $71,250 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 95% conversion costs, 40%. Degree of completion: direct materials, 55% conversion costs, 35% 487 467 120 $3.460,200 $1.782.200 Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The assembly division of Stiles Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017:
E (Click the icon to view the data.)
Requirement
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
Data table
- X
Physical Units
Direct
Conversion
(Watches)
Materials
Costs
$549,300
$71,250
Beginning work in process (May 1)"
Started in May 2017
Completed during May 2017
Ending work in process (May 31)
Total costs added during May 2017
"Degree of completion: direct materials, 05% conversion costs, 40%
"Degree of completion: direct materials, 66%: conversion costs, 35%
100
487
467
120
$3,460,200 $1,782.200
Print
Done](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F69dffb1c-b24d-4430-8986-67dc9bcbb0c1%2F3c41806e-e91c-43d8-8f0d-55a3af1d3c9c%2Fctcfhe9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The assembly division of Stiles Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017:
E (Click the icon to view the data.)
Requirement
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
Data table
- X
Physical Units
Direct
Conversion
(Watches)
Materials
Costs
$549,300
$71,250
Beginning work in process (May 1)"
Started in May 2017
Completed during May 2017
Ending work in process (May 31)
Total costs added during May 2017
"Degree of completion: direct materials, 05% conversion costs, 40%
"Degree of completion: direct materials, 66%: conversion costs, 35%
100
487
467
120
$3,460,200 $1,782.200
Print
Done
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