Holly Company has the following information for December 1 to December 31. All direct materials are 100% complete. $ 146,979 Work-in-Process Beginning balance December 210 units, Completed 810 units and transferred 20% complete for conversion $ 26, 250 to finished goods inventory Direct materials 56,700 Direct labor 35,700 Factory overhead Property taxes 6,200 Depreciation 32,500 Utilities 18,200 Indirect labor 4,200 Ending balance December 31, 310 units, 40% complete 32,771 Required: 1. Calculate equivalent units using the weighted average and FIFO methods. Equivalent Units Weighted-Average FIFO Direct materials Conversion