Question: For the data in Exercise 17-24, use the FIFO method to summarize the total costs to account for, calculate the cost per equivalent unit for

For the data in Exercise 17-24, use the FIFO method to 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 ending work in process.

Physical Units (Watches) 100 510 450 160 Direct Material:s S 459,888 Costs Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31)b Total costs added during May 2017 $142,570 $3,237,000 $1,916,000

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