Example: (Ch.4) Costs related to beginning work-in-process inventory are: Direct Material cost Conversion cost $115,000 $ 50,000 Units completed and transferred out during the period: 8,000 units (%100 complete) Ending work-in-process inventory: 2,800 units (40% complete) Costs during the period were: Direct Materials Conversion cost $27,000 $110,000 Required: 1. What is the number of direct material equivalent units? 2. What is the number of conversion cost equivalent units? 3. What is the direct material cost per equivalent unit? 4. What is the conversion cost per equivalent unit? 5. 5 What is the total product cost per equivalent unit? 6. What is the cost of units completed and transferred out during the period? 7. What is the cost of ending work-in-process inventory