EX 17-9 Equivalent units of production Obj. 2 Kellogg Company manufactures cold cereal products, such as Frosted FIARE the inventory in process on March 1 for the I Scold cereal products, such as Frosted Flakes. Assume that o 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. boxes) an boxes held in the package carousel of the packing er enough for 800 24-oz. boxes) and 800 empty 24-oz. a Package carousel of the packing machine. During March, 65,400 boxes of were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the packing machine hopper held s the packing machine hopper held 900 pounds of cereal, and the package carousel held 000 empty 24-oz. (11-pound) boxes. Assume that once a box is filled with cereal, it is immediately transferred to the finished goods warehouse. (Continued)