The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for May 2020: (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. Data table Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 100 $459,888 $142.570 Started in May 2020 510 Completed during May 2020 450 b 160 Ending work in process (May 31) Total costs added during May 2020 $3,237,000 $1,916,000 *Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 60%; conversion costs, 40%. Print Done Begin by summarizing total costs to account for.. Total costs to account for Total Direct Conversion Production Costs Materials Costs