Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 80% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May: 5 Units Work in process, May 1 23, 700 Units started during May 66, 500 Units completed and transferred out 73, 400 Work in process, May 31 16, 800 Direct Conversion Total Materials Costs Costs: Work in process, May 1 $ 53, 700 $19, 200 $ 34,500 Costs incurred during May 277, 200 73,200 204,000 Totals $330, 900 $92, 400 $238, 500 Using the weighted-average method of process costing, the equivalent units of direct materials total: Multiple Choice O 73,400 O 76,760