Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work In process.

The assembly dvesion of Gannett Watches, Inc uses the FIFO method of process costing Consider the follawing data for the month of May 2017 (Click the icon to wew the data ) lack the icon to ww the equivalent unit computation.) Requirement Summanze the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in Total DirectConversion Production Costs Materials Costs Total costs to account for Next, calculate cost per equivalent unt for direct materials and conversion costs Direct Conversion Materials Costs Dide by Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to unts in ending work in process (WIP) Begin by calculating the total from beginning inventory, then calculate the total costs accou Total DirectConversion Production Costs Materials Costs Total from Total costs ft units completed and transferred out Total costs accounted for Choose from any ist or enter any number in the input fields and then continue to the ned question 0 Type here to search i Data Table Physical Units Direct Conversion (Watches) Materials Costs 100 487 467 120 $549,300$71,250 Beginning work in process (May 1)8 Started in May 2017 Completed during May 2017 Ending work in process (May 31)b $1,782 200 P) Beg sion I Total costs added during May 2017$3.460.200 a Degree of completion: direct materials, 95%; conversion costs, 4096. bDegree of completion direct materials, 55%; conversion costs, 35%. ts Print Done Reference Equivalent Units DirectConversion Flow of Production Materials Costs Completed and transferred out during current period: 60 367 42 469 From beginning work in process Started and completed 367 Work in process, ending 438 Equivalent units of work done in current period Print Done