Exercise 3-5 In Shady 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 2017 are as follows Beginning Work in Process Ending Work in Process Conversion Cost% Units Transferred Out Conversion Units Month January March May July Units 11,000 2,000 12,000 3,000 14,000 7,000 10,000 1,500 Cost% 60 30 80 40 0 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 Ending work in process Total units Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. (Round answers to 0 decimal places, e.g. 1,225.) Materials Conversion Costs January March May July