Compute equivalent units for direct materials and conversion costs

It is TWO PARTS

Q3CH18

The assembly division of Stiles Watches, Inc. uses the FIFO method of process costing. Consider the following data for May 2020: 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 Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period LIO II Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 110 $543,000 $67,350 Started in May 2020 515 Completed during May 2020 465 Ending work in process (May 31) 160 Total costs added during May 2020 $3,690,000 $1,211,600 Degree of completion: direct materials, 70%; conversion costs, 50%. "Degree of completion direct materials, 65%; conversion costs, 35%