The Finishing Department had 14,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 42,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 5,500 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.

What are the equivalent units of production for the conversion costs during the period?

47,950 units.

42,100 units.

40,550 units.

46,300 units.