Axis Ltd uses process costing. The following information was available for the current year:

Number of units in beginning work-in-process inventory	4000	(30% complete)
Number of units started in the current period	35 000
Number of units in ending work-in-process inventory	3000	(80% complete)

If Axis uses the weighted-average method, how many total equivalent units were completed in the current period?

		37 400 equivalent units
		39 000 equivalent units
		38 800 equivalent units
		38 400 equivalent units