Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is the first stage of the companys production process. The following information is available for conversion costs for the month of May for Department A: Units Work in process, beginning (40% complete with respect to conversion costs) 6,300 Started in May 55,000 Completed in May and transferred to Department B 50,000 Work in process, ending (30% complete with respect to conversion costs) 11,300 The equivalent units of production for conversion costs for the month is closest to: Multiple Choice 46,220 units 47,090 units 47,480 units 50,870 units