Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is the first stage of the company's production process. The following information is available for conversion costs for the month of May for Department A: Work in process, beginning (40% complete with respect to conversion costs) Started in May Completed in May and transferred to Department B Work in process, ending (30% complete with respect to conversion costs) Units 7,000 62,000 57,000 12,000 The equivalent units of production for conversion costs for the month is closest to: Multiple Choice 52,800 units 54,200 units 53.600 units 57.800 units