Change the percentage completion with respect to conversion for the beginning inventory from 60% to 80% but keep everything the same as in Requirement 2. The data in your worksheet should now look like this:

5 Units in process 20% 5% 7,C 10 cost $9,833 13 14 Conversion cost $702.966 $1,003,.263 16 Units in process 17 C 18 19 20% 70% with respect to materials If your formulas are correct, you should get the correct answers to the following questions (a) What is the equivalent units of production for materials? (b) What is the equivalent units of production for conversion