ABC company computes equivalent units to determine the cost per unit of completed product. It has 100,000 in beginning work in process where 100% complete as to material costs, and 70% complete as to conversion costs. 800,000 units started into production and 600,000 units transferred out to finished goods. 300,000 units in ending work in process where 100% complete as to material costs, and 60% complete as to conversion costs. Equivalent units of production for materials and conversion costs are:

Select one:

a. 900,000 and 880,000

b. 700,000 and 680,000

c. 900,000 and 780,000

d. 700,000 and 580,000