The assembly division of Gannett Watches, Inc. uses the weighted average 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 first, then calculate the equivalent units. Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for Equivalent units of work done to date 3: Data Table Conversion Costs $96,550 Physical Units Direct (Watches) Materials Beginning work in process (May 1) S549,300 Started in May 2017 505 Completed during May 2017 467 Ending work in process (May 31) Total costs added during May 2017 $3,235,000 Degree of completion: direct materials, 80%, conversion costs, 35%. Degree of completion: direct materials, 55%; conversion costs, 35%. 120 $1,405,000