Refer to the information in Exercise 17-26. Suppose the Assembly Division at Fenton Watches Inc. uses the FIFO method of process costing instead of the weighted-average method.
In Exercise 17-26.

Degree of completion: direct materials, 90%; conversion costs, 40%.
€ Degree of completion: direct materials, 60%; conversion costs, 30%.
REQUIRED
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.

Transcribed Image Text:

Direct Conversion Physical Units Materials Costs Beinnng work in process (May1) Started in May 2012 Completed during May 2012 Ending work in process (May 31) Costs added during May 2012 S 493,360 S 91,040 80 500 460 120 S3,220,000 S1,392,000