The assembly division of Gannett Watches, Inc. uses the weighted-average method of process costing. Consider the following data for May 2020: (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 Data Table Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 95 $521,450 $114,350 Started in May 2020 490 Completed during May 2020 455 Ending work in process (May 31) 130 Total costs added during May 2020 $3,205,000 $1,380,00 Degree of completion direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 70%; conversion costs, 30%