Watts Company uses weighted- average process costing and adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process.
Physical Units Materials Conversion Costs

Completed and transferred out 40,000 ____________ ________

Materials _________ ____________

Conversion Cost 75% Complete 12,000

Total Units _________ ____________ ____________

Complete the following calculation of equivalent units of production for materials and conversion costs.