Consider the following data for the assembly division of Cranberry Watches, Inc. The assembly division uses the FIFO method of process costing. Physical units Direct materials Conversion costs (Watches) Beginning work in process inventory (March 1) 5700 $39200 $18000 Started in March, 2014 52800 Completed during March, 2014 52200 Ending work in process inventory (March 31) 6300 Costs added during March, 2014 $147600 $124800 The beginning work in process was 100 percent complete as to direct materials and 80 percent complete as to conversion costs. The ending work in process was 60 percent complete for direct materials and 50 percent complete for conversion costs. Compute the cost of the ending work in process for March, 2014, under the FIFO method. Hint. You need to compute the cost per equivalent unit first. TTT Arial . 3 (12pt) HT