Goode Company has the following production data for selected months.
|
Beginning |
Units |
Ending |
||
|
%Complete as to |
||||
|
Month |
Work in Process |
Transferred Out |
Units |
Conversion Cost |
|
January |
-0- |
35,000 |
10,000 |
40% |
|
March |
-0- |
40,000 |
8,000 |
75 |
|
July |
-0- |
45,000 |
16,000 |
25 |
Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.