Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting department Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing department. Information for the Cutting department for the month of May follows Direct materials Conversion Percent Units Percent Complete Complete Beginning work in process inventory 30,000 100% 80% Units started this period 110,000 Units completed and transferred out 107,000 Ending work in process inventory 33,000 100% 70% Production cost information for the Cutting department follows: Beginning work in process Direct materials $ 71,800 Conversion 34,670 $ 106,470 Costs added this period Direct materials $ 343, 300 Conversion 354,250 $ 697,550 If Pitt Enterprises uses the FIFO method of process costing, compute the equivalent units for direct materials and conversion respectively for May Multiple Choice O 77,000 direct materials: 77,000 conversion. 106,100 direct materials, 110,000 conversion. O 110,000 direct materials: 106,100 conversion 140,000 direct materials: 130,100 conversion 106,100 direct materials: 106,100 conversion