Department Shad 700 units 67% completed in process at the beginning of the period; 7,500 units completed during the period; and 1,000 units 50% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first- out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost. Ca. 7,031 b. 6,800 c. 7,531 d. 8,531