Carmelita Inc., has the following information available:

	Costs from	Costs from
	Beginning Inventory	Current Period
Direct materials	$2,500	$22,252
Conversion Costs	6,200	150,536

At the beginning of the period, there were 500 units in process that were 60 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the period 4,500 units were started and 

completed. Ending inventory contained 340 units that were 30 percent complete as to conversion costs and 100 percent complete as to materials costs. (Assume that the company uses the FIFO process cost method.)

 

 

The equivalent units of production for direct materials and conversion costs, respectively.