The assembly division of Gannett 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. Data Table Physical Units Flow of Production Conversion Work in process, beginning Costs $91,000 Started during current period To account for Physical Units Direct (Watches) Materials Beginning work in process (May 1) 100 $464,000 Started in May 2017 510 Completed during May 2017 450 Ending work in process (May 31) 160 Total costs added during May 2017 $3,237,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion direct materials, 80%; conversion costs, 40% LAI I Completed and transferred out during current period: From beginning work in process Started and completed $1,916,000 Work in process, ending Accounted for Equivalent unts of work done in current period Print Done