1.  A company uses a weighted$-$average process costing system. All materials are introduced at the start of manufacturing, and conversion cost is incurred evenly throughout production.

1. The company started $70,000$ units during May and had the following work$-$in$-$process inventories at the beginning and end of the month :

1.  May $130,000$ units, $40\%$ complete May $3124,000$ units, $25$complete Assuming no spoilage or defective unitsthe total equivalent units used to assign costs for May are Materials Conversion Cost. $\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}\mathrm{}$