Lily Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly, Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables Production Data--July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 23,200 3.480 60 Cost Data --July Work in process, July 1 Materials Labor Overhead Total SO 440.800 271.904 120.640 $833,344 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables