Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period.

2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method

Beginning Work in Process Conversion Complete Units (percent) 1,500 50 5,000 65 24 3,000 Units Started Month February Ending Work in Process Conversion Complete Units (percent) 7,400 3,000 2,900 Units Transferred Out 19,700 June September December 23,900 25,800 22,600 25,100 20,800 Equivalent Units Materials Conversion Month February June September December