OMalley Corp. uses a FIFO costing system. Material is added at the beginning of the production process and overhead is applied on the basis of direct labor. OMalleys records indicate that 70,000 units were in process at the beginning of May 2013; these units were 30 percent complete as to conversion. In May, the company started 445,300 and completed 427,500 units. Mays ending inventory was 35 percent complete as to conversion. Use the FIFO method of process costing and answer the following questions. a. What are the equivalent units of production for direct material? 445300 b. What are the equivalent units of production for conversion?