Exercise 164 Muffy Painting Company has the following production data for March Ending Work in Process % Complete as to Beginning Units Month Work in Process Transferred Out Units March Conversion Cost 3,000 4Z,000 12,000 75% Compute equivalent units of production for March for both materials and conversion costs. Materials are entered at the beginning of the process. Equivalent Units Physical Units Materials Conversion Costs Quantities Units to be accounted for Work in process, March 1 Started into production Total units Units accounted for Transferred out Work in process, March 31 Total units