Martin Manufacturing uses the FIFO method of process costing and reports the following data from its Forming department: Units Direct materials Percent Complete Conversion Percent Complete Beginning work in process inventory 10,000 30% 10% Units started this period 60,000 Units completed and transferred 62,000 out Ending work in process inventory 8,000 80% 60% Compute the equivalent units for direct materials and conversion respectively for the Forming department. 59,000 direct materials; 61,000 conversion. 65,400 direct materials; 66,800 conversion. 58,400 direct materials; 56,800 conversion. 65,400 direct materials; 65,800 conversion. 68,400 direct materials; 66,800 conversion.