DeFond Company has a process costing system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of July. Work in Process, July 01; 40% complete for conversion Units started into production Completed and transferred to Department Two Work in Process, July 31; 60% complete for conversion 400 2,000 1,900 500 What are the equivalent units for the month of July if the company uses the FIFO method? Materials Conversion A 2,400 2,000 B 2,400 2,040 C 2,400 2,200 D 2,000 2,040 A. Option A B. Option B C. Option C D. Option D