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Question Help The assembly division of Fenton Watches, Inc. uses the FIFO method of process conting. Consider the following data for the month of May 2017 II. (Click the icon to view the data) (Click the loon to view the equivalent unit computation) Requirement Summarize 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 units in ording work in process Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Total costs to count for Next, calculate cost per equivalent unit for direct materials and conversion costs Conversion Direct Materials Costs Divide by Cont per equivalent unit Choose from any or enter any number in the input fields and then continue to the next question Save for Later The assembly division of Fenton Watches, Inc. uses the FIFO method of process conting 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) Requirement Summarize the total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, and in cool to units completed and transferred out and to unitsin ending work in process VU U Cost per equivalent unit Finally, assign total costs to units completed (and waferred out) and to units in ending work in process (WIP). Begin by calculating the total from beginning invertory, then calorite the total cost accounted for Total Direct Conversion Production Costs Materials Costs Completed and transferred out Total from beginning inventory Total cost of us completed and transferred out Total coccounted for Choose from any it or enter any number in the input fields and then continue to the next to Save for later MacBook Pro sembly division of Fonton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: ok the icon to view the data.) (Click the icon to view the equivalent unit computation) oment arize 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 units in ending work in process by regd Reference Data Table ). Beg Irsion Equivalent Units Direct Conversion Materials Costs ted Physical Units Direct Conversion (Watches) Materials Costs Beginning work in process (May 1) 100 $738,600 $79,900 Started in May 2017 525 Completed during May 2017 480 Ending work in process (May 31) 145 Total costs added during May 2017 $3,423,700 $1,625,600 "Degree of completion direct material 85%, conversion costs, 30% Degree of compito direct materials 80%: conversion costs, 40% 15 70 Flow of Production Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Equivalent units of work done in current period 300 380 116 58 otal 511 508 Print Done osts Print Dono from any list or enter any number in the input fields and then continue to the next question for Later MacBook Pro 2 FB T * $ 4 & 7 2 6 8 9 0 The assembly division of Fenton Watches, Inc. uses the FIFO method of process (Click the icon to view the data.) (Click the icon to Requirement Summarize the total costs to account for, calculate the cost per equivalent unit for Begin by summarizing the total costs to account for Total Dit Production Costs Mate Costs added in current period Costs incurred to date Equivalent units of work done in current period Work in process, beginning Work in process, ending erials and conversion costs. Direct Materials Divide by Cost per equivalent unit Choose from any list or enter any number in the input fields and then continue Save for later Finally, assign total costs to units completed (and transferred out) and to units in ending w Total Di Production Costs Mat Completed and transferred out: Costs added to beginning WIP in current period Equivalent units of work done in current period Started and completed Work in process, beginning Work in process, ending Total costs accounted for Choose from any list or enter any number in the input fields and then continue to the next Save for Later