The following production data were taken from the records of the Finishing Department for July: Inventory in process, June 1, 30% completed 5,000 units Transferred to finished goods during June 39,500 units Ending work in process during June, 25% completed 4,500 units Determine the total equivalent units for conversion costs, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in process at the beginning of production.