Gamma, Inc. manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for: Work in process, May 1 (70% materials, 60% conversion cost added last month) 64,000 Started into production 232,000 Total units 296,000 Equivalent Units (EU) Materials Conversion Units accounted for as follows: Transferred to the next process 276,000 276,000 276,000 Work in process, May 31 (all materials, 60% conversion cost added this month) 29,600 29,600 17,760 Total units 296,000 296,000