Brief Exercise 16.4 Good 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 40% -0- 35,000 10,000 March 75 -0- 40,000 8,000 July 25 -0- 45,000 16,000 Compute equivalent units of production for materials and conversions costs, assuming materials are entered at the beginning of the process