Red company adds direct materials at the beginning of its production process and adds conversion costs uniformly throughout the process. Given the following information from Red company’s records for July, compute the current period’s equivalent units of production for direct materials and conversion costs:

Units in beginning inventory: 2,000

Units started during the period: 13,000

Units partially completed: 500

Percentage of completion of beginning inventory: 100% for direct

materials; 40% for conversion costs

Percentage of completion of ending work in process inventory: 100%

for direct material; 70% for conversion costs