The following production data were taken from the records of the Finishing Department for July: Determine the number of equivalent units with respect to conversion cost equivalent, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in process at the beginning of production. a. 39, 500 units b. 39,000 units c. 39, 125 units d. 44,000 units