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. Beginning Ending Work in Process Work in Process Month Units Conversion Cost% Units Transferred Out Conversion Units Cost% January 0 12,100 2,600 64 March 0 12,400 4,400 39 May July 0 0 15,600 7,790 80 10,500 1,800 46 Compute the physical units for January and 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 LINK TO TEXT LINK TO TEXT January May Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. Materials January March May July Conversion Costs VIDEO: SIMILAR EXERCISE