Assume a Company's Beginning Work in Process Consists of 20,000 $\text { Transferred In\quad Materials\quad Conversion Costs }$

Assume a company's beginning work in process consists of 20,000 units, 40% complete. Materials are added at the beginning of the process. During the month, 90,000 units are transferred in. The ending work in process consists of 10,000 units, 50% complete.
Using the FIFO method, the equivalent units of production are: $\text { Transferred In\quad Materials\quad Conversion Costs }$
a) $\quad90,000 \quad\quad\quad {90,000} \quad\quad\quad {97,000}$
b) $\begin{array}{lll}110,000 \quad\quad& 100,000 \quad\quad& 105,000\end{array}$
c) $\quad110,000 \quad\quad\quad 92,000 \quad\quad 105,000$
d) $\quad90,000 \quad\quad\quad 100,000 \quad\quad 105,000$