The assembly division of Quality 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.) Requirent Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Enter ysical units in first, then calculate the equivalent units Equivalent Units Physical Conversion Direct Flow of Production Units Costs Materials in process, beginning Wo Started during current period To account for Completed and transferred out during current period From beginning work in proces Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period Enter any number in the edit fields and then continue to the next question. - X i Data Table roduct od Physical Units Conversion Direct (Watches) Materials Costs $142,570 100 $459,888 d out duri Beginning work in process (May 1) Started in May 2017 Completed during May 2017 510 450 in process 160 d Ending work in process (May 31) Total costs added during May 2017 aDegree of completion direct materials, 80 %, conversion costs, 35 % Degree of compietion direct materials, 80 %, conversion costs, 40 % . $3,237,000 $1,916,000 done in cur Print Done e edit fields e DELL