Olsen Company processes lumber into a product called medium density fiberboard.

For the month of February, it had 400 square feet of medium density fiberboard in process at the beginning of the month. Another 46,000 square feet were put into process during February, and 200 square feet were still in process at the end of February.

All raw material is added at the beginning of the process while conversion costs are added uniformly throughout the production process. The beginning work-in-process inventory was 35% complete with respect to conversion costs. The ending work-in-process inventory was 75% complete with respect to conversion costs.

Using the FIFO method, what are total equivalent units with respect to conversion costs in February?

Group of answer choices

a. 46,210

b. 46,000

c. 46,350

d. 150