Equivalent Units of Production Kellogg Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 1,200 pounds of cereal in the packing machine hopper (enough for 800 24-oz, baxes), and 800 empty 24-oz, boxes held in the package carousel of the packing machine. During March, 65,400 boxes of 24-oz. cereal were packaged. Conversion costs are incurred packing machine hopper held 900 pounds of cereal, and the package carousel heid 600 empty 24-o.(-pound) boses, assume thet once box is filled with cereal, it is immediately transferred to the finished goods warehouse. Kellogg Company Previous Next