Muffy Painting Company has the following production data for March. 
Instructions
Compute equivalent units of production for March for both materials and conversion costs. Materials are entered at the beginning of the process.
Definitions:
Raw Materials Cost
The expense associated with obtaining the basic materials required for production before any processing or manufacturing is done.
Finished Goods Inventory
The inventory of products that have been manufactured and are ready to be sold to customers.
Production Needs
The specific requirements and quantities of materials, labor, and capacity required to manufacture products.
Sales
The total amount of a company's revenue generated from goods or services sold over a designated period.
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