Tnd ne given accounting period is the definition of a. units started and completed b. equivalent units c. conversion costs d. ending work in process 11. Which of the following is not a use of the cost of production report? a. to help managers control operations b. to help managers isolate problems c. to project production d. to help managers improve operations Use this information about the Finishing Department to answer the questions that follow. The following production data were taken from the records of the Finishing Department for June: 4,000 units 65,000 units 7,000 units Inventory in process, June 1 (30% completed) Completed units during June Ending inventory (60% complete) 12. What is the number of material equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process? a. 7,000 units b. 68,000 units c. 72,000 units d. 76,000 units