Sheridan 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 42,000 8,400 Conversion costs Materials 40 % 100 % Costs incurred: Direct materials $79,800 Direct labor $70,400 Overhead $110,704 (a) * Your answer is incorrect. Compute equivalent units of production for materials and for conversion costs. The equivalent units of production Materials 25200 Conversion Costs 10080