The assembly division of Marzollo Time Pieces, 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.) (Click the icon to view the equivalent unit computation.) Requirement Summarize the total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work in process. Data Table Reference Conversion Equivalent Units Direct Conversion Costs $100,400 Flow of Production Materials Costs Physical Units Direct (Watches) Materials Beginning work in process (May 1) 110 $543,000 Started in May 2017 515 Completed during May 2017 465 Ending work in process (May 31) 160 Total costs added during May 2017 $3,690,000 Degree of completion direct materials, 70%; conversion costs, 50%. Degree of completion: direct materials, 65%: conversion costs, 35%. 33 55 Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending $1,211,600 355 355 104 56 492 466 Equivalent units of work done in current period Print Done Print Done Choose from any list or enter any number in the input fields and then click Check