= Homework: Chapter 17 Homework Question 17, E17-26 (si... Part 1 of 2 . o The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing Consider the following data for the month of May 2017 Click the icon to view the data) Requirement Computo 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 Physical 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, onding Accounted for Equivalent unts of work done in current period Question 17, E17-26 (si... Part 1 of 2 HW Score: 80%, 16 of 20 points O Points: 0 of 1 FIFO method of process costing Consider the following data for the month of May 2017 on costs. Show physical units in the first column of your schedule ant units Physical Units Data table Conversion Costs 564,500 Physical Units Direct (Watches) Materials Beginning work in process (May 1) 60 $521,450 Started in May 2017 485 Completed during May 2017 455 Ending work in process (May 31) 90 Total costs added during May 2017 $3,832,000 Degree of completion direct materials, 65% conversion costs, 35% Degree of completion direct materials, 70% conversion costs, 40% $1551,000 Print Done Get more help