Cost of Units Transferred out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $2.50 and $2.05, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 3,800 Started and completed during October 63,000 63,000 Transferred out of Rolling (completed) 63,000 66,800 Inventory in process, October 31 5,000 2,000 Total units to be assigned costs 68,000 68,800