Culver Painting Cormpany has the following production data for March: - Beginning work in process inventory, 2,320 units - Units completed and transferred out, 48,720 - Ending work in process inventory, 17,400 units that are 80% complete for conversion costs Materials are added only at the beginning of the process. Compute equivalent units of production for both materials and conversion costs. Equivalent Units of Production QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for Work in process inventory, 3/1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, 3/31 Total units accounted for