Crane Company has gathered the following information. Units in beginning work in process Units started into production 37,440 Units in ending work in process 6,240 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $74,880 Direct labor Overhead $63,440 $105,040 (a) Your answer is correct. Compute equivalent units of production for materials and for conversion costs. The equivalent units of production Materials 37440 Conversion Costs 33696