Closet Company had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $14,000. Work in Process Inventory Beginning balance @ 12/1: 240 units, 10% completed $ 17,000 Completed 960 units and transferred them to finished goods inventory $ 165,262 Direct materials 65,000 Direct labor 41,000 Overhead Property taxes 7,000 Depreciation 38,000 Utilities 22,000 Indirect labor 5,000 Ending balance @ 12/31: 360 units, 20% completed $ 29,738 Total equivalent units for conversion under the FIFO method are calculated to be:

Multiple Choice

1,110 equivalent units.

1,080 equivalent units.

1,032 equivalent units.

1,008 equivalent units.

1,320 equivalent units.