Exer E3-5 Th Shady Company, materials are entered at the beginning of each process. process inventories, with the percentage of work done on conversion cos and equivalent u production. and produc- for its Sterilizing Department in selected months during 2017 are as follows. (LO 3, 4), AP Beginning Work in Process Ending Work in Process Conversion Units Month Units Cost% Cost Transferred Out Units January0 March May July 1,000 14,000 10,000 3,000 7,000 1,500 30 80 40 Instructions (a) Compute the physical units for January and May (b) Compute the equivalent units of production for (1) materials and (2) conversion costs for each month