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 Total Direct Materials Conversion Costs Production Coats Data Table Total costs to account for X Reference Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 17" 60 $521.450 $79,900 Started in May 2017 485 Completed during May 2017 455 Ending work in process (May 31) 90 Total costs added during May 2017 $3,832,000 $1,561,000 $ "Degree of completion direct materials, 65%. conversion costs, 35%. Cegree at completion direct materials, Tox: conversion costs, 40%. Equivalent Units Direct Conversion Materials Costs Flow of Production Completed and transferred out during current period: : From beginning work in process Started and completed Work in process, ending 21 39 395 36 Print 395 63 Done 479 470 Equivalent units of work done in current period