' Divide by Direct Materials Conversion Costs red out) and to units in ending work in 13 Finally, assign total costs to units completed (and transferred out) and to units in ending work in process (WIP). Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. Total Direct Conversion Cost per equivalent unit Completed and transferred out Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for Production Costs Materials Costs