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Indigo Painting Company has the following production data for January: Beginning work in process inventory, 0 units Units completed and transferred out, 42,000 Ending work

Indigo Painting Company has the following production data for January:

Beginning work in process inventory, 0 units
Units completed and transferred out, 42,000
Ending work in process inventory, 12,000 units that are 30% complete for conversion costs

Materials are added only at the beginning of the process. Compute equivalent units of production for both materials and conversion costs. (Do not leave any answer field blank. Enter 0 for amounts.)

Equivalent Units of Production

QUANTITIES

Physical Units

Materials

Conversion Costs

Units to be accounted for

Work in process inventory, 1/1

enter a number of units

Started into production

enter a number of units

Total units to be accounted for

enter a total number of units

Units accounted for

Completed and transferred out

enter a number of units

enter a number of units

enter a number of units

Work in process inventory, 1/31

enter a number of units

enter a number of units

enter a number of units

Total units accounted for

enter a total number of units

enter a total number of units

enter a total number of units

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