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Dan Company manufactures a product that goes through two processing departments. Information relating to the activity...

Dan Company manufactures a product that goes through two processing departments. Information relating to the activity in the first department during May is given below:
Units Materials Conversion
Work in process, May 1:        40,000 90% 70%
Work in process, May 31:        25,000 80% 40%
The department started 120,000 units into production during the month and transferred 135,000 completed units to the next department.
Compute the equivalent units of production for conversion in May for the first department using the FIFO method.
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