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 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Units Transferred Out Conversion Cost% Month Cost% Units January 0 11,600 2,300 70 March 0 - 12,300 3,500 32 May 0 15,500 7,470 80 July 0 11,200 2,500 47 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. Materials Conversion Costs January March May July