Coffeeberry Company manufactures a variety of coffee and utilizes a process costing system. The following information was provided by the accounting department as of May 31, 2014:
a. Units started during the month of May, totaled 40,000
b. Units partially complete as of May 31 equaled 8,600
c. Ending work in process inventory as of May 31, 2014 was 75 percent complete.
d. Direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process.
e. No units were in process on May 1, 2014
Using the information provided, compute the equivalent units of production for direct materials and converison costs for the month ended May 31, 2014, assuming a FIFO costing flow.