Question

Need help with the second part, please show calculation it's saying my "Costs added during in current period" selection is wrong

The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: E (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. i Reference Begin by summarizing the total costs to account for Work in process, beginning Costs added in current period Total Direct Conversion Production Costs Materials Costs $ 503,750 S 432,500 $ 71.250 4,620,000 3,225,000 1,395,000 5,123,750 S 3,657,500 $ 1.468 250 Physical Units 470 Flow of Production Completed and transferred out during current period Work in process, ending Equivalent Units Direct Conversion Materials Costs 470 470 40 Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs 80 595 Conversion Accounted for Work done to date 550510 Costs added in current period Direct Materials 3657500 550 6650 Costs 1466250 510 2875 Divide by equivalent units of work done to date Print [Done Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Chock Answer. - part Final Check Clear All remaining

Answer 1

It should be total cost accounted for as shown below.

The total cost of material and conversion will be used for calculating cost per equivalent units in weighted average method.

	Direct material	Conversion cost
Total costs to account for	$          3,657,500	$        1,468,250
Equivalent units	550	510
Cost per Equivalent unit	$                   6,650	$                2,879