joLearn MySite School of Fashion %252Fcourses.hamptonu.edu%252Fwebapps%252Fportal LM Step 2 of 4: Select a... Stream Student App ent 6 Saved Help Save & Assume a company uses the FIFO method in its process costing. Its Work in Process T-account for the Refining Department for August is: August 1 balance Materials Direct labor Overhead August 31 balance Work in Process: Refining Department 62,000 Completed and transferred to Finished Goods 495,000 72,000 181,000 The August 1 work in process inventory consisted of 6,000 units with $40,000 in materials cost and $22,000 in conversion cost. The August I work in process inventory was 100% complete with respect to materials and 20% complete with respect to conversion During August 48,000 units were started into production The August 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 20% complete with respect to conversion What is the equivalent units of production for conversion? Multiple Choice o 44,400 units O PA a search