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.) 2 (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. Begin by summarizing the total costs to account for Data Table Total Direct Conversion Production Costs Materials Costs Conversion Costs $91,000 Total costs to account for Physical Units Direct (Watches) Materials Beginning work in process (May 19a 80 $432,500 Started in May 2017 540 Completed during May 2017 470 Ending work in process (May 31,6 150 Total costs added during May 2017 $3,635,200 Degree of completion direct materials, 75%, conversion costs, 30% Degree of completion direct materials, 68%; conversion costs, 32%. $1,235,000 Reference Equivalent Units Direct Conversion Flow of Production Materials Costs 20 56 Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 390 390 48 102 512 494 Help Me Solve This e Text Pages Get More Help Equivalent units of work done in current period