fenton watches

The assembly division of Fenton 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 The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following 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 yo 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 III NI - en the Data table for ng riod Physical Units Direct Conversion Watches) Materials Costs Beginning work in process (May 1) 120 $285,600 $67,350 Started in May 2020 490 Completed during May 2020 440 Ending work in process (May 31) 170 Total costs added during May 2020 $3,336,100 $1,673,000 "Degree of completion direct materials, 85%, conversion costs, 25%. Degree of completion direct materials, 70%, conversion costs, 40% 7 Jed ou in pl ed 9 Print Done done