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 Compute 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 calculate the equivalent units. Physical Units Equivalent Units Direct Conversion Materials Costs 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 Enter any number in the edit fields and then continue to the next question The mby 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 Compute 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 calculate the equivalent units. Data Table Physical Flow Production Won , beginning Physical Units (Watches) 60 Direct Materials 5 21,450 Conversion Costs $100,400 Started during current period To account for Completed and transferred out during current period From beginning word in process Started and completed Work in process anding Beginning work in process May 1 Started in May 2017 Completed during May 2017 Ending work in process (May 30 Total cost dung May 2017 Degree "Degree of compondre 53.830.000 $1551000 , 10 Accounted for Print Done Equi t s of work done in current period Enter any number in the edities and then continue to the next