Lowman Painting Company has the following production data for March: - Beginning work in process, 2,000 units Units transferred out, 42,000 - Units in ending work in process, 15,000 , which are 80% 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. QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for Workin process, March 1 Started into production Total units Units accounted for Transferred out Work in process, March 31 Totalunits