Muffy Painting Company has the following production data for March.

						Ending Work in Process % Complete as to
Month		Beginning Work in Process		Units Transferred Out		Units		Conversion Cost
March		3,000		42,000		12,000		75%

Compute equivalent units of production for March for both materials and conversion costs. Materials are entered at the beginning of the process.

		Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, March 1
Started into production
Total units
Units accounted for
Transferred out
Work in process, March 31
Total units