Data table Beginning work in process (May 1)* Started in May 2020 Completed during May 2020 - t columm Physical Units Direct Conversion (Watches) Materials Costs 80 $493,360 $79,900 500 460 120 Ending work in process (May 31)b Total costs added during May 2020 Degree of completion: direct materials, 90%; conversion costs, 40%. "Degree of completion: direct materials, 60%; conversion costs, 30%. $3,220,000 $1,392,000 Print Done er 18: Process K Question 3, E18-26 (similar to) Part 1 of 2 HW Score: 31.67%, 2.53 of 8 points Points: 0.53 of 1 Save The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing. Consider the following data for May 2020: (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. Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period Physical Direct Equivalent Units Conversion Units Materials Costs 100 510