Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 93,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 263,000. Units completed and transferred out: 356,000. Ending Inventory: 36,500 units, 40% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of conversion.

Multiple Choice

• 397,975

• 407,100

• 263,000

• 342,875

• 314,800