KISSCO Company manufactures miniature rock and roll action figures. Production passes through the Forming Department and then the Packaging Department. Accounting records for the Forming Department indicate that 5,000 action figures were started into production during the month of May. On May 1", there were 300 action figures in process that were 20% complete with respect to conversion and therefore overall. On May 31", there were 500 action figures in process that were 75% complete with respect to conversion and therefore overall In the Forming Department, the direct material required to produce a completed action figure is comprised of a plastic mixture that is added at two separate stages of the forming process. The first 70% of the plastic mixture is added entirely at the 15% stage of the forming process. Later on the remaining 30% of the plastic mixture is added entirely at the 60% stage of the forming process. Labour and overhead costs (ie. conversion) are incurred uniformly throughout the forming process. This basic diagram illustrates visually the addition points of the plastic mixture into the forming process (that is described in the above paragraph): First 70% of the materials added here Remaining 50% of the materials added here 1596 60% 0% 25% 50% 75% 100% Overall progress toward completion The company has not produced any defective or spoiled action figures during May. The company uses the FIFO method of process costing. Required: Prepare a schedule calculating the total equivalent units of production in terms of the (a) materials component, as well as the conversion component for the Forming Department for the month of May