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TB MC Qu. 20-120 At the beginning of the month, the Forming... At the beginning...

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TB MC Qu. 20-120 At the beginning of the month, the Forming... At the beginning of the month, the Forming Department of Martin Manufacturing had 12,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the department started 64,000 units and transferred 66,000 units to the next manufacturing department. At the end of the month, the department had 10,000 units in inventory, 80% complete as to materials and 70% complete as to conversion. If Martin Manufacturing uses the FIFO method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department. Multiple Choice ( 74,000 materials; 73,000 conversion. 70,400 materials; 73,000 conversion. 70,400 materials; 71,800 conversion. 62,000 materials; 61,000 conversion. 62,800 materials; 65,200 conversion

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