Crane Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: 0 37,000 7,000 Conversion costs Materials 40 % 100 % Costs incurred: Direct materials $72,150 Direct labor $61,100 Overhead $101,260 * Your answer is incorrect. Compute equivalent units of production for materials and for conversion costs. The equivalent units of production Materials 44000 Conversion Costs 39800