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 340 1,700 1,600 Work in process, July 1 (40% complete for conversion) Started Completed and transferred to Department 2 Work in process, July 31 (60% complete for conversion) What are the equivalent units for the month of July if the company uses the FIFO method? Multiple Choice Materials 2,040 and Conversion 1,700 Materials 2,040 and Conversion 1,728 Materials 2,040 and Conversion 1,864 440