At the beginning of the month, the forming department of martin manufacturing had 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. during the month the department started 60,000 units and transferred 62,000 units to the next manufacturing department. at the end of the month, the department had 8,000 units in inventory, 80% complete as to materials and 60% complete as to conversion. if martin manufacturing uses the fifo method of process costing, compute the equivalent units for materials and conversion respectively for the forming department.(a) 68, 400 materials: 66, 800 conversion.(b) 58, 400 materials: 56, 800 conversion.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)