Question 8 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 addonly at the beginning of the process. Compute equivalent units of production for both materials and conversion costs. Equivalent Units Materials Conversion Costs Physical Units QUANTITIES 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 Click if you would like to Show Work for this question: Open Show Work