The assembly division of Fenton Watches, Inc., unes the FIFO method of process conting Consider the following data for the month of May 2014: Ciok the loon to view the data) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the firat column of your achedule. Work in process. beginning 485 Staried duning curent period 545 To account for Completed and transferred out during curent period: From beginning work in process 60 Started and compleled 395 395 395 90 Work in process, ending 545 Accounted for Equivalent unts of work done in curent period Fnter any number in the edit fields and then click Check Answer. Physical Units Direct Conversion (Watches) 60 Materials Costs $96,550 Beginning work in process (May 1)" Started in May 2014 Compieted during May 2014 Ending work in process (May 31) Total costs added during May 2014 "Degree of completion: direct materials, 65%; convension costs, 35% "Degree of completion: direct materials, 70% conversion costs, 40% $521,450 485 455 90 $3.832,000 $1,551,000