The following data were taken from the accounting records of a company that uses the FIFO method in its process costing system: Beginning work in process inventory: 20,000 units (materials 100% complete, conversion costs 60% complete) Started in process during the period: 80,000 units Ending work in process inventory: 30,000 units (materials 100% complete, conversion costs 70% complete) The equivalent units are

(5pts)

materials, 90,000 units; conversion costs, 89,000 units.

materials, 100,000 units; conversion costs, 91,000 units.

materials, 60,000 units; conversion costs, 53,000 units.

materials, 80,000 units; conversion costs, 79,000 units.