Exercise 16-05 -b (Video) In Waterway Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows Beginning Work in Process Conversion Cost Ending Work In Process Conversion Units Cost Units Transferred Out Month Units 11,600 January 65 O 2,600 March 0 12,200 40 3,100 14,100 7,310 80 0 May July 11,000 0 47 2,300 Compute the physical units for January and May January May Units to be accounted for Beginning work in process Started into production Total units Units accounted for Transferred out Version 36211 mwiline Beginning work in process 0 0 Started into production Total units Units accounted for Transferred out Ending work in process Total units VIDEO: SIMILAR EXERC LINK TO TEXT LINK TO TEXT Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. Materials Conversion Costs January March May July