Requirements Complete the first two steps in the process costing procedure: 1. Summarize the flow of physical units. 2. Compute output in terms of equivalent units.

Lola's Lemon Pies collected the following production information relating to November's baking operations: ( Lola's Lemon Pies Equivalent Unit Computation Flow of Equivalent Units Direct Conversion Physical Flow of Production Units Materials Costs Units to account for: Units accounted for: Total equivalent units Data table Beginning work in process.. Ending work in process Units started during the month Physical Direct Materials Conversion Costs Units (% complete) (% complete) 201,000 151,000 65% 90% 985,000 Print Done