Part 2 of 4 Points: 0.75 of 3 in of Fenton Watches, Inc. uses the FIFO method of process costing Consider the following data for May 2020 view the data) Click the icon to view the equivalent unit computation) sts to account for, calculate cost per equivalent unit for direct materials and conversion costs, and assign costs to units compl entory ind Data table Physical Units Direct Conversion (Watches) Materials Costs Cum s, beg Beginning work in process (May 1 Started in May 2020 40 $480.800 $550 485 Completed during May 2020 445 ccount Ending work in process (May 31) Total costs added during May 2020 $2.916,500 $1087 200 cost p "Ogree of completion de ma 15% over 20% valent u " 3 $ 34 Print Done SAE 20 % 5 91 A 6 7 49 & B 800 E R T Y D D F G H " 9 - SU K C V B N M O 0 alculator Q A Begin by summaning total costs to account for Costs added in cument period Work in process, beginning Total Direct Conversion Production Costs Costs 4004 100 2916.000 5 1.07.200 577360 48000 Total to account for 4581450 3.997.700 1.180.750 Next, calculate cost per equivalent unit for direct materials and conversion co Oby Cost per egen M S Direct Conversion Cos " 3 51 xu 4 5 47 41 10 6 E R T Y D F G H C B 9 - - N x C V B N M H tion command K