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The assembly division of Quality Time Pieces Ltd uses the FIFO method of process costing. The following data relate to the month of May 2018: Physical units (outputs) Direct materials Conversion costs Beginning work in process (May 1)a 100 $459,888 $142,570 Started in May 2018 510 Completed during May 2018 450 Ending work in process (May 31)b 160 Total costs added during May 2018 $3,237,000 $1,916,000 a Degree of completion: direct materials, 80%; conversion costs, 35%. b Degree of completion: direct materials, 80%; conversion costs, 40%. The flow of Production report for May 2018 is as follows: Direct Physical Units materials Conversion costs Flow of Production Work in process, beginning 100 Started during current period 510 To account for 610 Completed and transferred out from beginning WIP 100 units: 100 20 65 Started and completed 350 350 350 Work in process, ending 160 128 64 Accounted for 610 Work done to date 498 479 Required Use the FIFO method to summarise 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