The Ivanhoe Paint Co. uses a process costing system. You have been given the following selected information for July 2022: Percent Complete Units Beginning work in process inventory 6,240 70% Units started 24,960 Ending work in process inventory 10,400 60% The total cost of the beginning work in process inventory was $38,480, of which $7,280 was for direct labour costs. Overhead is applied on the basis of direct labour costs. During July, the company added $72,180 of direct materials, $52,520 of direct labour, and $73,528 of overhead to work in process inventory. All direct materials are added at the beginning of the process, and the conversion costs are incurred uniformly throughout the process. Calculate the number of equivalent units of production that would be used to establish the weighted-average costs for direct materials, direct labour, and overhead. Direct Materials Conversion Equivalent units of Production Calculate the number of equivalent units of production that would be used to establish the FIFO costs for direct materials, direct labour, and overhead. Direct Materials Conversion Equivalent units of production $