Direct Disk Drive Company operates a computer disk manufacturing plant.Direct materials are added at the end of the process.The following data were for August 2017:
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (80% complete) 
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (55% complete)
Calculate equivalent units for conversion costs using the FIFO method.
Definitions:
Contra-stockholders' Equity
An account that reduces the total amount of stockholders' equity, such as treasury stock or accumulated deficits.
Treasury Stock
Shares that were once a part of the float and sold but have since been repurchased by the issuing company and held in its treasury.
Voting Rights
The entitlement of shareholders or members of an organization to vote on important matters, such as the election of the board of directors.
Stockholders' Equity
The residual interest in the assets of a corporation that remains after deducting its liabilities; also known as shareholders' equity.
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