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Painter Corporation has the following information for the current month: Units...

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Accounting

Painter Corporation has the following information for the current month:

Units started

100,000

 units
Beginning Work in Process: (35% complete)

20,000

 units
Normal spoilage (discrete)

3,500

 units
Abnormal spoilage

5,000

 units
Ending Work in Process: (70% complete)

14,500

 units
Transferred out

97,000

 units
Beginning Work in Process Costs:
Material

$15,000
Conversion

10,000

All materials are added at the start of the production process. Painter Corporation inspects goods at 75 percent completion as to conversion. Refer to Painter Corporation. What are equivalent units of production for conversion costs, assuming FIFO?

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