Pat2014 Points: 0.25 of 5 The sembly division of Canterbury Watches Inie uses the FIFO mod of process costing Consider the following data for the mouth of May 2017 Click the icon to vow the data Click the icon to www beginnt computation) Requirement Summarize the total costs to account for calculate the cold per essent une boy tract materias and conversion cases and associats a unes completed and wanted out and 1 ans ending work process Begin by on the total costs to account for Total Direct Conversion Production Costa Materials Costs Woon process og 321505 Costs added in care period S000100 5330100 1673000 530125012100 Toticons to contex Niet alco per un for dited and conversion costs Conversion Materials Costs De Costers Data Table Conversion Costs $96,550 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 120 $285,600 Started in May 2017 490 Completed during May 2017 440 170 Ending work in process (May 31) Total costs added during May 2017 $3,336,100 a Degree of completion direct materials, 85%; conversion costs, 25% bDegree of completion direct materials, 70%, conversion costs, 40%. $1,673,000 Print Done Reference to Equivalent Units Direct Conversion Flow of Production Materials Costs 18 90 Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 320 119 320 68 457 478 Equivalent units of work done in current period Print Done