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.) 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. Physical Units Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period From beginning work in process Strated and impleted Work in process, ending , Accounted for - X Data Table ruiva uni of work in current period Physical Units Direct Conversion (Watches) Materials Coste Beginning work in process (May 19 100 $549,300 $64,500 Started in May 2017 487 Completed during May 2017 467 Friding work in process (May 31) 120 Total costs added during May 2017 $3,400,200 $1,782,200 Degree of completar direct matenak, 95% conversion costs, 40% 'Degree of completo direct materials, 55%; conversion costs, 359 Print Done