). At the beginning of the period, there were 1,000 units in process that were 40% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 8,000 units were started and completed. Ending inventory contained 500 units that were 20% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method.

The equivalent units of production for materials and conversion costs, respectively, were: