Sheridan Mortgage Company uses a process cost system to accumulate costs in its Application Department. When an application is completed, it is forwarded to the Loan Department for final processing. The following processing and cost data pertain to September. 1. Applications in process on September 1, 100 2. Applications started in September, 900 3. Completed applications during September, 700 Applications still in process at September 30 were 100% complete as to materials (forms) and 60% complete as to conversion 4. costs, Beginning WIP: Direct materials $1.120 Conversion costs 4,300 September costs: Direct materials $4,580 Direct labor 12.920 Overhead 5,836 Determine the equivalent units of service (production) for materials and conversion costs. Materials Conversion Costs The equivalent units of service (production)