(The following information applies to the questions displayed below.] The following refers to units processed by an ice cream maker in July. Beginning work in process Goods started Goods completed Ending work in process Gallons of Product 372,000 724,000 784,000 312,000 Percent of Conversion 30% 100 100 70 Compute the total equivalent units of production for conversion for July using the FIFO method. Answer is complete but not entirely correct. Equivalent units of production (EUP) with respect to conversion - FIFO method Units % Conversion EUP Beginning work in process inventory - units 372,000 30% X 111,600 X Units started and completed 412,000 100% 412,000 Ending work in process inventory - units 312,000 70% 218,400 Total units 1,096,000 742,000