The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: 3(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 Equivalent Units Direct Conversion Materials Costs Flow of Production Conversion Work in process, beginning 110 Costs $100,400 515 Started during current period 625 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 110 $543,000 Started in May 2017 515 Completed during May 2017 465 Ending work in process (May 31) 160 Total costs added during May 2017 $3,690,000 Degree of completion direct materials, 70%, conversion costs, 50%. Degree of completion direct materials, 65%; conversion costs, 35%. To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending $1.211.600 110 355 160 625 Print Done Accounted for Equivalent unts of work done in current period