Homework: Chapter 18: Process Costing Question 3, E18-26 (simil... Part 1 of 2 The assembly division of Canterbury 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 Help Me Solve This e Text Pages Get More Help conversion Data Table equivalent Conversion Phy Costs $96,550 UH Physical Units Direct (Watches) Materials Beginning work in process (May 199 40 $180.800 Started in May 2020 485 Completed during May 2020 445 Ending work in process (May 31) 80 Total costs added during May 2020 $2.916.900 Degree of completion drect materials 75% conversion costs 20% Degree of completion direct materials, com conversion coats 20% $1,087 200 Seriod Print Done d ges Get More Help 3 o TL 14 15 G 40 11 $ & 7 3 4 5 6 8 9