Yost received 300 nqos (each option gives yost the right to purchase 10 shares of cutter corporation stock for $15 per share) at the time he started working for cutter corporation three years ago. cutter's stock price was $15 per share. yost exercises all of his options when the share price is $26 per share. two years after acquiring the shares, he sold them at $47 per share.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.