The assembly division of Walton Time Pieces, Inc. uses the weighted-average 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 first, then calculate the equivalent units. Data table Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Conversion Work in process beginning Costs $96,550 Started during current period To account for Physical Units Direct (Watches) Materials Beginning work in process (May 1) 82 $549,300 Started in May 2020 505 Completed during May 2020 467 Ending work in process (May 31,5 120 Total costs added during May 2020 $3,235,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 55%; conversion costs, 35%. Completed and transferred out during current period $1,405,000 Work in process, ending a b Accounted for Equivalent units of work done to date Print Done