The assembly division of Marzollo Time Pieces, Inc., uses the FIFO method of process costing. Consider the following data for the month of May 2014: (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 - X Physical Flow of Production Units Physical Units Direct Conversion Work in process, beginning (Watches) Materials Costs Started during current period Beginning work in process (May 1)a 100 $549,300 $64,500 Started in May 2014 487 To account for Completed during May 2014 467 Completed and transferred out during current period: Ending work in process (May 31)b 120 From beginning work in process Total costs added during May 2014 $3,460,200 $1,782,200 Degree of completion: direct materials, 95%; conversion costs, 40%. Started and completed Degree of completion: direct materials, 55%; conversion costs, 35%. Work in process, ending Accounted for Print Done Equivalent unts of work done in current period Enter any number in the edit fields and then click Check Answer. part emaining Clear All