Question: Mobility, Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department - Shaping

Mobility, Inc. uses the FIFO method in its process costing system.

Mobility, Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department - Shaping - for a recent month. 500 70% Work-in-process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Work-in-process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 40% 28,000 100 50% 30% Required: Using the FIFO method, determine the equivalent units of production for materials and conversion costs

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