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Ivanhoe Company has the following production data for selected months.

EndingWork in Process

MonthBeginning

Work in ProcessUnits

Transferred Out Units% Complete as toConversion Cost

January –0– 37,800 10,800 40 %

March –0– 43,200 8,640 75

July –0– 48,600 17,280 25

Compute equivalent units of production for materials and conversion costs, assuming thatmaterials are entered at the beginning of the process and that conversion costs are incurreduniformly throughout the process.

Materials Conversion Costs

January

March

July

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221 HW4 Ch 21

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