Beginning work in process inventory Units started in April Ending work in process inventory Cost of beginning work in process Current costs in April 10,000 items, 30% complete as to conversion 170,000 units 20,000 items, 40% complete as to conversion Transferred-In $ 7,000 $187,000 Materials $ 0 $153,000 Conversion $ 4,900 $244,200 Flow of production Physical Units Transferred-In Direct Materials WIP, beginning Transferred in To account for Units completed & Transf Beg WIP Started & Completed WIP, ending Accounted for Conversion Totals Transferred-In Direct Materials Conversion Costs WIP, beginning Costs added during period Total costs to account for Divided by equivalent units Assignment of costs Completed units (completed and transferred) Beg WIP Costs Finish up Beg WIP units Started & Completed WIP, ending Costs accounted for