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 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. Total Conversion Direct Materials Production Costs Costs Total costs to account for X Data table Reference Conversion Costs S114,350 Equivalent Units Direct Conversion Materials Costs Physical Units Direct (Watches) Materials Beginning work in process (May 1)" 60 $249,750 Started in May 2017 478 Completed during May 2017 443 95 Ending work in process (May 31 Total costs added during May 2017 $2,598.000 Degree of completion: direct materials, 80%; conversion costs, 25%. Degree of completion direct materials. 40%; conversion costs. 20% Flow of Production Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 12 45 $1,251,600 383 383 38 19 b 433 447 Equivalent units of work done in current period