Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department costs are Incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pleces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. work in process, May 1 54000 units, 100% complete for direct materials 60 % complete with respect to conversion costs; includes $72,000 of direct material cost $34,770 of conversion costs) Units started in May Units completed in May 166,ee0 Work in Pr May 31 (48,000 units, 100% complete for direct materials: 80% complete for conversion costs). Direct materials Conversion costs $343,see $354,450 f Pitt Enterprises uses the FIFO method of process costing, compute the equivalent units for direct materials and conversion respectively for May Mutiple Choice 60,000 materials: 172,000 conversion