The Cutting Department of Sanderson Company has the following production and cost data for July.
Production
1. Transferred out 15,000 units
2. Ending work in process, 5,000 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31.
Costs
Beginning work in process $ 0
Materials 70,000
Labor 21,600
Manufacturing overhead 25,200
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Determine the equivalent units of production for materials and conversion costs.