Consider the following data for the assembly division of Crayton Corp.: The assembly division uses the​ weighted-average method of process costing. Compute the unit cost of a completely finished watch. Physical UnitsDirectConversion (Watches)MaterialsCosts Beginning​ work-in-process (May 1) (a)95$491,000$94,984 Started in May 2018525    Completed during May 2018450    Ending​ work-in-process (May 31)(b)170    Costs added during May 2018  $3,218,880$1,400,000 (a)Degree of​ completion: direct​ materials, 90%; conversion​ costs, 40%.(b)Degree of​ completion: direct​ materials, 70​%; conversion​ costs, 30​%.

Consider the following data for the assembly division of Fenton Watches ​Company: The assembly division uses the​ weighted-average method of process costing. Compute the unit cost of a completely finished watch.Physical Units (Watches) Direct Materials Conversion CostsBeginning​ work-in-process (May 1)a 95 $491,000 $94,984Started in May 2021 525 0 0Completed during May 2021 450 0 0Ending​ work-in-process (May 31)b 170 0 0Total costs added during May 2021 $3,218,880 $1,400,000a. Degree of​ completion: direct​ materials, 90%; conversion​ costs, 40%.b. Degree of​ completion: direct​ materials, 70​%; conversion​ costs, 30​%.

Consider the following data for the assembly division of Gannett Watches ​Company: The assembly division uses the​ weighted-average method of process costing. Compute the unit cost of a completely finished watch.Physical Units (Watches) Direct Materials Conversion CostsBeginning​ work-in-process (May 1)a 78 $49,770 $67,350Started in May 2021 495 0 0Completed during May 2021 443 0 0Ending​ work-in-process (May 31)b 130 0 0Total costs added during May 2021 $3,240,000 $1,410,000a. Degree of​ completion: direct​ materials, 90%; conversion​ costs, 40%.b. Degree of​ completion: direct​ materials, 40​%; conversion​ costs, 20​%.

he following information is available for Dakota Company: Product 1Product 2Sales$1,400,000$1,800,000Direct materials(200,000)(400,000)Direct labor(600,000)(600,000)Manufacturing overhead*   (500,000)   (500,000)Gross margin$   100,000$   300,000*allocated based on direct labor hoursDakota Company has decided to allocate its manufacturing overhead cost using activity-based costing. Manufacturing overhead will be allocated based on batch-level and product line manufacturing as follows: Total   Manufacturing   Overhead CostsProduct 1Product 2Batch-level manufacturing overhead$600,00020 batches60 batchesProduct line manufacturing overhead$400,00010 lines   40 lines    What is Dakota Company's gross margin for Product 1 using activity based costing?

The following information applies to the questions displayed below.] Kubin Company’s relevant range of production is 28,000 to 31,500 units. When it produces and sells 29,750 units, its average costs per unit are as follows:    Average Cost per UnitDirect materials $ 8.80Direct labor $ 5.80Variable manufacturing overhead $ 3.30Fixed manufacturing overhead $ 6.80Fixed selling expense $ 5.30Fixed administrative expense $ 4.30Sales commissions $ 2.80Variable administrative expense $ 2.30Required:1. For financial accounting purposes, what is the total amount of product costs incurred to make 29,750 units?2. For financial accounting purposes, what is the total amount of period costs incurred to sell 29,750 units?3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,500 units?4. For financial accounting purposes, what is the total amount of period costs incurred to sell 28,000 units? (For all requirements, do not round intermediate calculations.)

Heara Ltd manufactures metal sheets, and uses the weighted average method process costing. On 1 May the Rolling Department had 3000 units work in progress, which were 50 percent completed as to conversion costs. During May 8000 units were completed and transferred out. The remaining work in progress on 30 May was 2000 units, at 50 percent complete in terms of conversion rate. Materials are added at the beginning of the process and conversion costs are incurred uniformly. What is the equivalent unit of work done to date for direct materials and conversion costs respectively?