In Sheridan 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 Work in Process Ending Work In Process Units Month Conversion Cost Units Conversion Cost Transferred Out Units 0 January March 11,700 12,300 15,500 11,100 2,900 4,900 7,930 2,500 May July Compute the physical units for January and May. May January 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 Compute the equivalent units of production for (1) materials and (2) conversion costs Materials Conversion Costs January March May July LINK TO TEXT LINK TO TEXT