A firm uses the FIFO method for process costing. It has 468 units in beginning WIP inventory at 38% complete with respect to conversion costs. It starts 16,802 units during the period and has 751 units in ending inventory (these units are 13% complete with respect to conversion costs). All direct materials are added at the beginning of the process.

What are total equivalent units with respect to conversion costs (round final answer to the nearest unit, for this question only)?

1. Julius Corporation's mixing department began January 2019 with 10,000 gallons of product in process (40 percent completed with respect to conversion costs). During January, Julius started 100,000 gallons of new product. 15,000 gallons were still in ending inventory at the end of the month (70 percent completed with respect to conversion costs).

   Direct materials are added at the beginning of the process.

   Using the FIFO method of process costing, what is January's total equivalent units with respect to direct materials?

   	a.	100,000 units
   	b.	95,000 units
   	c.	101,500 units
   	d.	105,000 units