Summarize physical units and compute equivalent units (process costing Steps 1 and 2)

Pattys Pumpkin Pies collected the following production information relating to Novembers baking operations:

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.

1 and 2) (Learning Objective 3) Patty's Pumpkin Pies collected the following production information relating to November's baking operations: Physical Direct Materials (% conversion costs (% Units complete) complete) Beginning work in 203,000 process Ending work in 153,000 75% 80% process Units started during995,000 the month