The assembly division of Fenton 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.) (Click the icon to view the equivalent unit computation) Requirement Summarize 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. Begin by summarizing the total costs to account for Work in process, beginning Costs added in current period Total Direct Conversion Production Costs Materials Costs $ 601,350 $ 521,450 $ 79,900 5,383,000 3,832.000 1,551,000 5,984,350 $ 4,353,450 $ 1.630.900 Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs Divide by Cost per equivalent unit -