The assembly division of Stiles Watches, 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. Enter the physical units in first, then calculate the equivalent units. Data table Physical Units Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period Physical Units (Watches) Direct Conversion Beginning work in process (May 1)a Started in May 2020 Completed during May 2020 120 Materials $285,600 Costs $114,350 490 440 Ending work in process (May 31)b 170 Total costs added during May 2020 $3,336,100 $1,673,000 Degree of completion: direct materials, 85%; conversion costs, 25%. Degree of completion: direct materials, 70%; conversion costs, 40%. Print Done - X