Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department:

Units:

Beginning Inventory: 30,000 units, 100% complete as to materials and 55% complete as to conversion.

Units started and completed: 120,000.

Units completed and transferred out: 150,000.

Ending Inventory: 32,500 units, 100% complete as to materials and 30% complete as to conversion.

Costs:

Costs in beginning Work in Process - Direct Materials: $48,000.

Costs in beginning Work in Process - Conversion: $53,850.

Costs incurred in February - Direct Materials: $292,000.

Costs incurred in February - Conversion: $604,150.

Calculate the equivalent units of conversion.

Multiple Choice

• 192,250
• 215,000
• 152,500
• 120,000
• 143,250