compute equivalent units for conversion costs. Number of equivalent units of production for conversion costs for July equal, Inventory in process 5,000 (70% completed in June> 30 % of completion in July : 1,500 Started and completed in July (62,000-5,000 (started in June)) 57,000 Inventory in process, started in July (3,000 x 25% of completion in July)-750 1,500+ 57,000+750 59,250 units 1. Using this formula, try this problem Rosebud Company had 2,400 units, 30% completed at the beginning of the period; 16,000 units were sent to packaging during the period; and 1,800 units were one-half completed at the end of the period. CONVERSION COSTS. Conversion Costs equal Direct Labor plus Factory Overhead Costs. 2. Using this formula, try this problem. Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290