Sheridan Industries began the year with 4,600 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM resources are added to hats evenly throughout the process. Throughout the year, the company started 76,500 more hats, and it had completed 77,200 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Sheridan uses the FIFO method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the template. Total equivalent units DM Conversion Costs