Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Direct Materials Conversion Percent Percent Units Complete Complete 72,000 100% 80% 928,000 790,000 210,000 100% 90% $ 325,000 220,275 $ 545,275 2,175,000 4,185,225 6,360,225 $ 6,905,500 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Materials Conversion Total costs Costs Costs + Equivalent units of production (from part 1) Cost per equivalent unit of production EUP EUP 0 0