The assembly division of Cranberry 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 of Production Units Physical Units Direct Conversion Work in process, beginning Costs $114,350 Started during current period To account for (Watches) Materials 110 Beginning work in process (May 1) $543,000 Started in May 2017 515 Completed during May 2017 465 Ending work in process (May 31) 160 Total costs added during May 2017 $3,690,000 Degree of completion: direct materials, 70%; conversion costs, 50%. bDegree of completion: direct materials, 65%; conversion costs, 35%. mul oli Completed and transferred out during current period: From beginning work in process Started and completed $1,211,600 a Work in process, ending Accounted for Print Done Equivalent unts of work done in current period