The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the FIFO method in its process costing system. Labor and Overhead Units Percent Completed Work in process inventory, July 1 20,000 40% Started during the month 70,000 Completed during the month 80,000 Work in process inventory, July 31 10,000 25% All materials are added at the beginning of the manufacturing process. Compute equivalent units for DM and conversion using FIFO. (steps 1 and 2 only). Show computations