Ivanhoe Manufacturing Company has the following production data for selected months. Month January March July Month January March Beginning Work in Process Inventory July -0- Materials Units Completed and Transferred Out eTextbook and Media 30,000 39,700 37,900 Ending Work in Process Units 11,300 8,700 14,300 % Complete in Terms of Conversion Costs Calculate equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. 39% Conversion Costs 74% 33% 7 11