Helmets-R-Us, Inc. company had 75,000 helmets (units) at the beginning of operation that were 45% completed with respect to materials, 30% completed with respect conversion cost. The company added 550,000 units into production this period. There were 110,000 units in ending inventory that was 75% completed with respect to materials and 60% completed with respect to conversion. The cost associated to all the products are as follows: Work-in-process, beginning: Cost added this period: Materials Conversion $850,000 $650,000 Materials $3,700,000 Conversion $3,000,000 1. Determine the equivalent units of production for materials and conversion cost. Equivalents of production (FIRST-IN-FIRST-OUT (FIFO)) Description Work-in-process, beginning: Units added: Units to be accounted for: Units accounted for as follows: Completed and Transferred (FIFO) WIP-beginning (i.e., started Last period and completed this period): Started and completed this period: Total completed and transferred: Work-in-process, ending inventory: Units Accounted for: Units Material Conversion Stage of Completion Equivalent Units of Production (EUP) Material Conversion