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?

	a.	50,200 EUP
	b.	40,400 EUP
	c.	24,800 EUP
	d.	38,600 EUP