Exercise 4-7B: Equivalent Units Calculations - FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of November 2016. Painting and packaging operations are carried out subsequently in other departments. Beginning inventory 3,000 units, 70% complete Started and completed 60,000 units Ending inventory 5,000 units, 40% complete Calculate the equivalent units finished for the month of November using the FIFO method, assuming that the material is added at the beginning of the process and conversion costs are incurred evenly throughout