The assembly division of Fenton Watches, Inc. uses the weighted average method of process costing. Consider the following data for May 2020: E: (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 first, then calculate the equivalent units. Data Table Physical Units Flow of Production Work in process beginning Conversion Started during current period Costs $64,500 To account for Completed and transferred out during current period Work in process, ending Physical Units Direct (Watches) Materials Beginning work in process (May 1) 100 $738,600 Started in May 2020 525 Completed during May 2020 480 Ending work in process (May 31) 145 Total costs added during May 2020 $3,195,000 Degree of completion: direct materials, 80%, conversion costs, 35%. Degree of completion: direct materials, 80%; conversion costs, 40%. $1,415,000 Accounted for Equivalent units of work done to date Print Done