Ace Manufacturing incurred $72,000 of direct materials costs, direct labor costs of $24, 500, and factory overhead of $20, 500. 1,000 direct material equivalent units and 900 conversion equivalent units were manufactured. The equivalent unit cost for direct materials is a. $24.50 b. $80.00 c. $50.00 d. $72.00 The equivalent unit cost for conversion in Question 14 is a. $24.50 b. $80.00 c. $50.00 d. $72.00