A summary of both production quantity and cost data for a production department. Shows that the total costs accounted for equal the total costs to be accounted for. Work done during a period expressed in fully completed units. Actual units to be accounted for during a period, irrespective of any work performed. Units completed and transferred out during the period plus units in ending Work in Process Inventory Unit direct materials cost plus unit conversion cost. Total units accounted for minus units in ending Work in Process Inventory. Costs expressed in terms of equivalent units of production