Montell Inc. produces a variety of outdoor equipment products and utilizes a proccess costing system. The follwing information was provided by the accounting department as of March 31, 2014:
a. Units started during the month of March totaled 314,000.
b. Units partially complete as of March 31 equalled 76,000
c. Ending work in process inventory as of March 31, 2014, was 80 percent complete.
d. Direct materials are added at the beginning of the process, and conversion are incurred uniformly throughout the process.
e. No units were in process on March 1, 2014.
Using the information provided, compute the equivalent units of production for the direct materials and conversion costs for the month ended March 31, 2014, assuming FIFO costing flow.