QUESTION 19 Martin Manufacturing uses the FIFO method of process costing and reports the following data from its Forming department: Units Direct materials Percent Complete Beginning work in process inventory 12,000 30% Units started this period 64,000 Units completed and transferred 66,000 out Conversion Percent Complete 10% Ending work in process inventory 10,000 80% 70% Compute the equivalent units for direct materials and conversion respectively for the Forming department. 70,400 direct materials; 71,800 conversion. 62,000 direct materials; 61,000 conversion. 62,800 direct materials; 65,200 conversion. 70,400 direct materials; 73,000 conversion. 74,000 direct materials; 73,000 conversion.