A completed product is a letter with one sheet of paper and three folds. If beginning work in process inventory is described as degree 40 units 3/10 complete" the 40 units are equivalent to 40 EU of direct materials and 12 EU of conversion 12 EU of direct materials and 40 EU of conversion 12 EU of direct materials and 12 EU of conversion 40 EU of direct materials and 40 EU of conversion