J & R Enterprises' production in Department A for July is as follows: July 1 Balance, 1,000 units, 1/4 completed as to Conversion Costs, $22,150 During July, 5,000 units were started and the following costs added: Direct Materials $75,000 $32,500 Direct Labor Factory Overhead $16,250 If 500 units were one-fourth completed at July 31, and inventories are costed by the FIFO method what was the number of equivalent units of production with respect to conversion cost for July? 4,500 5.265 O 5,625 5.875 O 5,375