Question: 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

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.

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

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