View Policies Current Attempt in Progress Cheyenne Painting Company has the following production data for March: Beginning work in process inventory, 1,760 units Units completed and transferred out, 36,960 Ending work in process inventory, 13,200 units that 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. Equivalent Units of Production QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for Work in process inventory, 3/1 Started into production Total units to be accounted for Compute equivalent units of production for both materials and conversion costs. Equivalent Units of Production QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for Work in process inventory, 3/1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, 3/31 Total units accounted for