Use the data of Pennington company's Cutting Department at the end of July that follows (This company uses process costing system): Beginning WIP -- units : 17,000 Amount Transferred in WIP -- units : 53,000 Transferred out in July -- units : 37,000 Ending WIP --% complete : 40% . Based on the data shown here, what was the output of conversion costs in terms of Equivalent Units of Production? 40,400 EUP a. 38,600 EUP ) b. 24,800 EUP OC. 50,200 EUP