Using the data in E 4 and assuming that the company uses the average costing method, compute the equivalent units of production for direct materials and conversion costs for the year ended December 31.

McQuary Stone Company produces bricks. Although the company has been in operation for only 12 months, it already enjoys a good reputation. During its first 12 months, it put 600,000 bricks into production and completed and transferred 586,000 bricks to finished goods inventory. The remaining bricks were still in process at the end of the year and were 60 percent complete.