Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon 3,500 4,800 9,700 Percent Completed Materials Conversion 95 90 70 51 Work-in-process inventory - June 1 Work-in-process inventory June 30 Started processing during June Total equivalent units for materials under the FIFO method are calculated to be