The assembly division of Walton 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) Penuirement marize the total costs to 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 unis in ending work in process Egin by summarizing the total costs to account for Conversion Total Production Costs Direct Materials Cests Total cost to account for Next, calculate cost per equivalent unit for direct materials and conversion costs Direct Conversion Costs Materials Divide by Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to unitsin ending work in process (WIP) Begin by calculating the total from beginning inventory then calculate the total costs accounted for Total Choose from any list or enter any number in the input fields and then continue to the next question ASPEG HK Divide by Cost per equivalent un Finally, assign total costs to units completed (and transferred out) and to unitsin ending work in process (WIP) Begin by calculating the total from beginning inventory, the calculate the total costs accounted for Total Direct Conversion Production Costs Materials Costs Completed and transferred out: Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for Choose from any list or enter any number in the input fields and then continue to the next question % WERTY TAS DEL M CONVITONG FIFO method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the equivalent unit computation.) st per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and trar 6 Data Table ferred Inventory, ther Conversion Costs $100,400 Physical Units Direct (Watches) Materials Beginning work in process (May 1) $249,750 Started in May 2017 478 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 W $2,598,000 "Degree of completion direct materials, 80% conversion costs, 26% Degree of completion direct materials, 40%: conversion costs, 20% 95 $1,251,600 Print Done ed out the input fields and then continue to the next question. method of process costing. Consider the following data for the month of May 2017: lick the icon to view the equivalent unit computation.) o lant unit for direct materiale and. on.caste and accion coste to unite completed, and tran 6 Reference Equivalent Units Inventory, ther Direct Materials Conversion Costs Flow of Production Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 45 383 383 38 Equivalent units of work done in current period 433 447 Print Done input fields and then continue to the next