Direct materials are added at the start of production. Conversion costs are added evenly throughout production. Company uses FIFO method of process costing. The following information for October 2017 is available. Physical Units Work in process, October 1 Started in October 12,000 48,000 Completed and transferred out during October 55,000 Work in process, October 31 5,000 "Degree of completion: direct materials, 100%; conversion costs, 80% "Degree of completion: direct materials, 100%; conversion costs, 30%. Compute equivalent units for direct materials and conversion costs