Summarize physical units and compute equivalent units (process costing Steps 1 and 2) (Learning Objective 2)

Alice’s Apple Pies collected the following production information relating to June’s baking operations:

Requirements Complete the first two steps in the process costing procedure:
1. Summarize the flow of physical units.
2. Compute output in terms of equivalent units.
(Hint: Your answer should look similar to Exhibit 4-5.)

Beginning work in process Ending work in process Units started during the month Physical Direct Materials Conversion Costs. Units (% complete) 200,000 150,000 75% 1,000,000 (% complete) - 80%