The assembly division of Gannett Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 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. Equivalent Units Physical Direct Conversion i Data Table Flow of Production Units Materials Costs Work in process, beginning Started during current period Physical Units Direct (Watches) Materials To account for Beginning work in process (May 1) $432,500 Completed and transferred out during current period: Started in May 2017 Completed during May 2017 470 From beginning work in process Ending work in process (May 31) 150 Started and completed Total costs added during May 2017 $3,635,200 Work in process, ending Degree of completion: direct materials, 75%, conversion costs, 30%. Degree of completion: direct materials, 68%, conversion costs, 32%. Accounted for Conversion CoSD $79,900 , 80 540 $1,235,000 Equivalent unts of work done in current period Print Done