1 Holly Company has the following information for December 1 to December 31 All direct materials are 100% complete. $ 227,874 Book Print Work in Process Beginning balance December 199 units Completed 990 units and transferred 20% complete for conversion $ 48,750 to finished goods inventory .Direct materials 105,300 Direct labor 66,300 Factory overhead Property taxes 9,800 Depreciation 41,500 Utilities 21,800 Indirect labor 7,800 Ending balance December 31, 490 units, 40% complete 73,376 Required: 1 Calculate equivalent units using the weighted average and FIFO methods erences Equivalent Units Weighted Average FIFO Direct materials Conversion