Equivalent Units \begin{tabular}{lrr} & Direct Materials & Conversion \\ \hline Inventory in process, July 1 & 0 & 1,200 \\ Started and completed during July & 31,000 & 31,000 \\ Transferred out of Rolling (completed) & 31,000 & 32,200 \\ Inventory in process, July 31 & 3,000 & 900 \\ Total units to be assigned costs & 34,000 & 33,100 \\ \hline \end{tabular} Completed and transferred-out production Inventory in process, ending Total costs assigned by the Rolling Department