The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: BE: (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 - X Equivalent Units Direct Conversion Materials Costs Physical Units 40 Flow of Production Work in process, beginning Started during current period Conversion Costs $71,250 485 40 525 To account for Physical Units Direct (Watches) Materials Beginning work in process (May 1) $480,800 Started in May 2017 485 Completed during May 2017 445 Ending work in process (May 31) 80 Total costs added during May 2017 $2,916,900 a Degree of completion: direct materials, 75%; conversion costs, 20% Degree of completion direct materials, 60%, conversion costs, 20%. $1,087,200 Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 525 Accounted for Print Done Equivalent unts of work done in current period