The following data were taken from the accounting records of Abacus Company which uses the FIFO method in its process costing system:
| Beginning work in process inventory: |
37,000 units (materials 100% complete, labor and overhead 70% complete) |
| Started in process during the period: |
114,000 units |
| Ending work in process inventory: |
47,000 units (materials 100% complete, labor and overhead 80% complete) |
The equivalent units are: