MAG company uses process costing. During 2020 MAG overstated the percentage of work completed with respect to conversion cost on the ending work-in-process inventory. What is the effect of this overstatement on conversion-cost equivalent units and physical units manufactured, respectively?

a.

Overstated, overstated.

b.

Overstated, understated.

c.

Overstated, none.

d.

None, overstated.

e.

None, none.