Waterway Company has the following production data for selected months. Ending Work in Process Beginning Work in Process % Complete as to Conversion Cost Month Units Transferred Out 39.400 Units January -0- 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 Materials Conversion Costs January 54,550 46.465 March 51.230 49,055 July 66.490 51.790