Question: Novera, Limited reported the following physical units in work-in-process inventory for July in Department N: Work-in-process, July 1 (5% complete) 71,000 Work-in-process, July 31 (90%

Novera, Limited reported the following physical units in work-in-process inventory for July in Department N:

Work-in-process, July 1 (5% complete)	71,000
Work-in-process, July 31 (90% complete)	58,000

Department N is the second stage of the process at Novera. Materials are added at the end of the process. Department N uses FIFO process costing. At the end of July, the equivalent units for transferred-in resources was 296,000 for calculating product cost.

What were the equivalent units used in the production cost computation for the month of July for materials and conversion costs using the FIFO method?

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