E17-26 (similar to) Question Help The assembly division of Fenton 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 Flow of Production Units Work in process, beginning Started during current period To account for Completed and transferred out during ourrent period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period Enter any number in the edit fields and then click Check Answer. part remaining Clear All Check Answer on costs. Show physical units in the first column of your schedule. nt units. Data Table Physical Units Conversion Costs $100,400 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 100 $549,300 Started in May 2017 487 Completed during May 2017 467 Ending work in process (May 31)" 120 Total costs added during May 2017 $3,460,200 Degree of completion: direct materials, 95%; conversion costs, 40%. "Degree of completion: direct materials, 55%; conversion costs, 35%. $1,782,200 Print Done