x Assembly division data Consider the following data for the assembly division of a satellite manufacturer: (Click the icon to view the assembly division data.) Click the icon to view the equivalent unit computation.) The assembly division uses the FIFO method of process costing Required Summarize total costs to account for calculate cost per equivalent unit for direct materials and conversion costs, and assign these costs to units completed and transferred out and to units in ending work in process Total Direct Conversion Production Costs Materials Costs Physical Units Direct Conversion (satellites) Materials Costs Beginning work in process (May 1) 12 $5,480,000 $1,001,480 Started in May 2018 75 Completed during May 2018 48 Ending work in process (May 31,5 39 Costs added during May 2018 $35,395,000 $15,320,000 Degree of completion direct materials, 85%; conversion costs, 30% Degree of completion direct materials, 65%, conversion costs, 30%. Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. (Round your costs per equivalent unit to the nearest cent.) Print Done Direct Conversion Materials Costs x Equivalent unit computation Divide by: Cost per equivalent unit for work done in current period Finally, assign total costs to units completed and transferred out and to units in ending work in process. Begin by calculating the total from beginning inventory, and then calculate the total costs accounted for. (Round yo Equivalent Units Direct Conversion Total Direct Costs Flow of Production Materials Conversion Costs Production Costs Materials Completed and transferred out during current period: From beginning work in process Started and completed 1.80 8.40 Completed and transferred out: 36.00 36.00 25.35 11.70 Work in process, ending 63.15 56.10 Total from beginning inventory Work done in current period only Total costs of units completed and transferred out Print Done Total costs accounted for