Longboard Company has a process costing system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of January:

	Units
Work in process, July 1 (40% complete for conversion)	460
Started	2,300
Completed and transferred to Department 2	2,200
Work in process, July 31 (60% complete for conversion)	560

What are the equivalent units for the month of July if the company uses the FIFO method?

Multiple Choice

Materials 2,760 and Conversion 2,300

Materials 2,760 and Conversion 2,352

Materials 2,760 and Conversion 2,536

Materials 2,300 and Conversion 2,352

Materials 2,300 and Conversion 2,536