Brief Exercise 16-4

Goode Company has the following production data for selected months.

Ending Work in Process
Month	Beginning Work in Process	Units Transferred Out	Units	% Complete as to 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.

Materials	Conversion Costs
January
March
July