Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c) Direct labor & overhead d) Direct material & indirect material e) Direct Labor & period costs Units Use the following to answer questions # 2.3.4 The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted average method in its process costing system. Labor and Overhead Percent Completed Work in process inventory, July 1 20.000 Started during the month 70.000 Completed during the month 80,000 Work in process inventory, July 31 All materials are added at the beginning of the manufacturing process. 25% Total units in work in process inventory, July 31 is 5.000 b. 7.000 c 10.000 d 20.000 e. 2.000 The equivalent units of production for material for the month are: a 70.000 b. 90.000 c. 80.000 d 82.500 c 84,000 The equivalent units of production for labor and overhead for the month are a 70.000 h 90.000 c 80.000 d 82.500. e 84.000