The assembly division of Cranberry Watches, Inc. uses the FIFO method of process costing. Consider the following data for May 2020: B (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. Equivalent Units - Data table Physical Direct Conversion Flow of Production Units Materials Costs Work in process, beginning Conversion Started during current period Costs $67,350 To account for Completed and transferred out during current period: Physical Units Direct (Watches) Materials Beginning work in process (May 1) 110 $543,000 Started in May 2020 515 Completed during May 2020 465 Ending work in process (May 31) 160 Total costs added during May 2020 $3,690,000 Degree of completion: direct materials, 70%, conversion costs, 50%. "Degree of completion: direct materials, 65%; conversion costs, 35%. From beginning work in process Started and completed $1,211,600 Work in process, ending Accounted for Equivalent unts of work done in current period Print Done