Springfield Springmakers, Inc. use process costing to determine the cost of inventory. It uses the FIFO method. The firm has the following inventory amounts. In March the firm incurred $200,000 in direct material costs and $150,000 in conversion costs. Which of the following shows the total equivalent units for direct materials and conversion costs? Direct Materials: 7,786; Conversion Costs: 7,708 Cannot be determined from this information Direct Materials: 7,708; Conversion Costs: 7,786 Direct Materials: 8,020 ; Conversion Costs: 7,786