The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (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. Equivalent Units Physical Units Direct Materials Conversion Costs Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for Equivalent units of work done to date Data Table Conversion Costs $64,500 Physical Units Direct (Watches Materials Beginning work in process (May 1) 100 $738,600 Started in May 2017 525 Completed during May 2017 480 Ending work in process (May 31) 145 Total costs added during May 2017 $3,195,000 a Degree of completion: direct materials, 80%; conversion costs, 35%. "Degree of completion: direct materials, 80%; conversion costs, 40%. $1,415,000