gagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker takeAssignmentSessionlc Calculator Penny, Inc. employs a process costing system. Direct materials are added at the begin . activities: On July 1: Beginning inventories Direct materials cost Conversion costs 850 units, 60% complete $5,000 $4,000 During July: Number of units started Direct materials added Conversion costs added 15,000 $155,000 $83,520 On July 31: 1,600 units, 40% complete Using the FIFO method, the number of equivalent units of conversion costs was Oa. 14,380 Ob. 14,400o Oc. 14,550 Od. 15,850 e