The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of Mav 2014: " Degree of completion: direct materials, 90%; conversion costs, 40%. b Degree of completion: direct materials, 60%; conversion costs, 30%. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units completed (and transferred out) and units in ending work in process. Suppose the assembly division at Fenton Watches, Inc., uses the FIFO method. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. use the FIFO method to 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