4. Pilt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process May 1 (54,000 unts, 100% complete for direct materials, 60% complete with respect to conversion costs: includes $72,000 of direct material cost $34.770 of conversion costs) Units started in May 160,000 Unita completed in May 166,000 Work in Process May 31 (48.000 units, 100% complete for direct material: 80% complete for conversion costs) Couts incurred in May Direct materials 5343,500 Conversion costs 5354,450 TP Enterprises uses the RFO method of process costing, compute the equivalent units for direct materials and conversion respectively for May. Me Choice O 12.000 materiale: 12.000 conversion O 24.000 materials: 204.400 conversion O 12.000 meter 20.000 conversion O $2.000 materiale: 172.000 conversion O 0.000 materiale: 172.000 conversion