PROCESS COSTING EXAMPLE PROBLEM (FIFO) (4 to 8) AUS Sweets Company accumulates costs for its single product using process costing. Direct material added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. Data for May follow: Work in process, May 1: 40% complete with respect to conversion Units started during May: 32,000 units Units completed and transferred out during July: 37,000 units Units started and completed: 12,000 units Work in process, May 31: 80% complete (CC) DM Conversion Work in process, May 1 $143,000 $474,700 Costs incurred in May 180,000 861,500 4. What is the total equivalent units for DM and CC