. T 120% W Read SA Times New Roman 12 13. Lopez Company uses the FIFO process costing method to determine the product unit cost. The company began the period with 1,800 units in beginning inventory. During the period, 32,000 units were started and there were 4,000 units in ending inventory at the end of the period. Lopez added all direct materials at the beginning of the process and conversion costs uniformly throughout the process. At the beginning of the period, percentage completion for direct materials was 100% and for conversion costs was 40%. At the end of the period, percentage completion for direct materials was 100% and for conversion costs was 70%. (1) Compute units started and completed for the period using FIFO costing method. (3 pts) (2) Compute the equivalent units of production for direct materials and conversion costs for the period under FIFO. (3 pts) Please show your computation separately using the steps in the blank space provided below. English (US Ti arch 8 9 0