Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 1,440 pounds of cereal in the packing machine hopper (enough for 960 24-oz. boxes) and 960 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 79,680 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the packing machine hopper held 1,860 pounds of cereal and the package carousel held 1,240 empty 24-oz. (1%-lb.) boxes. Assume that once a box is filled with cereal, it is immediately transferred to the finished goods warehouse. Determine the equivalent units of production for cereal, boxes, and conversion costs for March. An equivalent unit is defined as "pounds" for cereal and "24-oz. boxes" for boxes and conversion costs. If an amount box does not require an entry, leave it blank. Wheatmore Company Equivalent Units of Production for Cereal, Boxes, and Conversion Cost For March Conversion Cost Cereal Boxes (in pounds) (in boxes) (in boxes) Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total