Goode Company has the following production data for selected months.

Ending Work in Process Beginning Units % 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.

AppendixLO1