XYZ Company manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2008 follow: Work-in-process, January 3140,000 units 100% complete for direct materials; 20% complete for conversion costs; actual costs of direct materials, $69,500; actual costs of conversion, $45,500 100% complete for direct materials; 40% complete for conversion costs Direct materials added during February [actual costs] $356,000 Conversion costs added during February [actual costs] $420,500 Assuming XYZ uses the weighted-average method to account for inventories, the equivalent units of work for the month of February with respect to conversion costs are: 162,000 172,000 174,000 158,000 XYZ Company manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2008 follow: Work-in-process, January 3140,000 units 100% complete for direct materials; 20% complete for conversion costs; actual costs of direct materials, $69,500; actual costs of conversion, $45,500 100% complete for direct materials; 40% complete for conversion costs Direct materials added during February [actual costs] $356,000 Conversion costs added during February [actual costs] $420,500 Assuming XYZ uses the weighted-average method to account for inventories, the equivalent units of work for the month of February with respect to conversion costs are: 162,000 172,000 174,000 158,000