Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units: Beginning inventory: 44,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 148,000. Units completed and transferred out: 192,000. Ending inventory: 39,500 units, 100% complete as to materials and 35% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $62,000 Costs in beginning Work in Process- Conversion: $67,850. Costs incurred in February-Direct Materials: $306,000. Costs incurred in February- Conversion: $618150 Calculate the equivalent units of materials. Multiple Choice 271,000 245,325 Multiple Choice 271,000 245,325 187,500 199,400 148,000