The assembly division of Stiles Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: E (Click the icon to view the data.) Requirement Compute...

Extracted text: The assembly division of Stiles Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: E (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. Data table - X Physical Units Direct Conversion (Watches) Materials Costs $549,300 $71,250 Beginning work in process (May 1)" Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 05% conversion costs, 40% "Degree of completion: direct materials, 66%: conversion costs, 35% 100 487 467 120 $3,460,200 $1,782.200 Print Done