Question

does this seem right?

The assembly division of Stles Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 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 Enter the physical units in first, then calculate the equivalent units. Physical Units Equivalent Units Direct Conversion Materials Costs Data Table Flow of Production Work in process, beginning Staned during current period Conversion Costs $91.000 To account for Completed and transferred out during current penod: From beginning work in process Started and completed Work in process, ending Physical Units Direct (Watches) Materials Beginning work in process (May 1" $738,000 Started in May 2017 Completed during May 2017 Ending work in process (May 31) Tot costs added during May 2017 $3.423 700 "Degree of completion direct mata, conversion 30% "Degree of completion direct ion . Oversion of 40% 51,625,600 obored for Equivalent of won done in current period Print Done Enter any number in the edit fields and men continue to the next question

Answer 1

Answer

Your whole answer is correct except one thing, Ending WIP equivalent units = 145 Units * 40%

= 58 Units

Just Correct this.

Dear Student, if u have any query please feel free to reach me.