Discuss/describe the Three-Step Iteration process and how the process may apply to YOUR team's innovation concept generation process that may include brainstorming, imagining future states, etc. to generate an optimized innovation concept. IMPORTANT: This quiz is about YOUR assimilation and understanding of the Three-Step Iteration process and YOUR discussion and description of its implementation.

Equivalent units for conversion costs are 6,925 units

Explanation:

Note : I have attached the full question as an image below

Equivalent units are physical units expressed as a percentage of total work completed on them

Equivalent units for conversion costs

Units Completed and Transferred (6,100 × 100%)   6,100

Units in Closing Work in Process (1,100 × 75%)          825

Equivalent units for conversion costs                      6,925

Equivalent units for material costs

Units Completed and Transferred (6,100 × 100%)   6,100

Units in Closing Work in Process (1,100 × 85%)          935

Equivalent units for material costs                      7,035