Equivalent Units
	Physical Units	Direct	Conversion
	(tons)	Materials	Costs
Work in process, beginning	75
Transferred-in during current period	550
To account for	625
Completed and transferred out during current period:
From beginning work in process	75	0	45
Started and completed	425	425	425
Work in process, ending	125	125	25
Accounted for	625
Equivalent units of work done in current period		550	495

Now summarize the total costs to account for.

	Total	Direct	Conversion
	Production Costs	Materials	Costs
Work in process, beginning
Costs added in current period
Total costs to account for