Waterway Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out % Complete as to Units Conversion Cost January -0- 39,400 11,000 42 % March -0- 41,500 8,900 75 July -0- 47,100 22,000 22 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. January March July Materials Conversion Costs