3- At the beginning of the month, the Forming Department of Martin Manufacturing had 14,000 units in inventory, 40% complete as to materials, and 20% complete as to conversion. During the month the department started 64,000 units and transferred 68,000 units to the next manufacturing department. At the end of the month, the department had 10,000 units in inventory, 85% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department.

Multiple Choice

70,900 materials; 74,000 conversion.

61,200 materials; 66,800 conversion.

76,500 materials; 74,000 conversion.

62,500 materials; 60,000 conversion.

70,900 materials; 71,200 conversion.