I Data Table Physical Units Direct Conversion Costs $71,250 (Watches) Materials Beginning work in process (May 1) 100 $738,600 Started in May 2020 525 Completed during May 2020 480 Ending work in process (May 31) 145 Total costs added during May 2020 $3,423,700 Degree of completion: direct materials, 85%; conversion costs, 30%. bDegree of completion: direct materials, 80%; conversion costs, 40%. $1,625,600 The assembly division of Fenton 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. Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs 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