The Miracle Company had 20,000 units in process on December 31, 2016 which was

80% complete as to materials but only 40% complete as to conversion costs. The

company's records show 40,000 units were transferred to the Finished Goods Inventory

during January 2017. On January 31, 2017, 15,000 units were on hand which were 30%

complete as to conversion costs and 60% complete as to materials. What are the

equivalent units of production for the conversion costs in January, assuming Miracle

uses first-in, first-out (FIFO)?

24)

A) 34,000. B) 41,500. C) 36,500. D) 35,000.