Chester LLC uses a process-cost accounting system. They began operations on January 1 of the current year. Chester incurred conversion cost evenly throughout manufacturing. If they started work on 3,000 units during the period and these units were 70% of the way through manufacturing, it would be correct to say that the company has:

Multiple Choice

3,000 physical units in production.

2,100 completed units.

900 in-process units.

900 equivalent units of production.

3,000 equivalent units of production.