Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out. 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process, Compute equivalent units of production for both materials and conversion costs using the FIFO method. Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, March 1 Started into production Total units Units accounted for Completed and transferred out Work in process, March 1 Started and completed Work in process, March 31 Total units