The assembly division of Canterbury Watches, Inc uses the FIFO method of process costing Consider the following data for the month of May 2017 (Click the icon to view the data) Requirement Computo equivalent units for direct materials and conversion costs Show physical units in the first column of your schedule Enter the physical units in first, then calculato the equivalent units Physical Units Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period Data Table Conversion Costs $64,500 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 100 $549,300 Started in May 2017 487 Completed during May 2017 467 Ending work in process (May 31) 120 Total costs added during May 2017 $3.460 200 a Degree of completion direct materials, 95% conversion costs, 40%. bDegree of completion direct materials, 55%, conversion costs, 35%. $1,782 200 Print Done