method of process casting Consider the following data for the month of May 2012 The assembly division of Fenton Watches Inc. uses the EIE (Click the icon to view the data. A Data Table Requirement Compute equivalent units for direct Conversion Costs $96,550 Flow of Product Nork in process, beginning Started during current period Physical Units Direct (Watches) Materials Beginning work in process (May 1) 60 $521,450 Started in May 2014 485 Completed during May 2014 455 Ending work in process (May 31) Total costs added during May 2014 $3,832,000 Degree of completion direct materials, 65%; conversion costs, 35% Degree of completion direct materials, 70%, conversion costs, 40%. $1,551,000 o account for Completed and transferred out duri From beginning work in process Started and completed Print Done The assembly division of Fenton Watches, Inc., uses the FIFO method of process costing. Consider the following data for the month of May 2014 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. Work in process, beginning Started during current period 485 To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for 395 545 Equivalent unts of work done in current period Enter any number in the edit fields and then click Check