Closet Company had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $29,700. Work in Process Inventory Beginning balance @ 12/1: 560 units, 10% completed $ 33,000 Completed 1,120 units and transferred them to finished goods inventory $ 256,617 Direct materials 81,000 Direct labor 57,000 Overhead Property taxes 23,000 Depreciation 54,000 Utilities 38,000 Indirect labor 21,000 Ending balance @ 12/31: 440 units, 20% completed $ 50,383 Total equivalent units for materials under the FIFO method are calculated to be:

Multiple Choice

1,030 equivalent units.

1,000 equivalent units.

952 equivalent units.

928 equivalent units.

1,560 equivalent units.