Question 3 (LO2; 20%) Beginning work in process: Units in process 500 Completion with respect to materials 80% Completion with respect to conversion 40% Units started into production during the month 153,600 Units completed and transferred out 153,700 Ending work in progress: Units in process 400 Completion with respect to materials 75% Completion with respect to conversion 20% The company uses the FIFO process costing method. Requested: Calculate equivalent units for materials and conversion