goods completed and transferred out and the cost of ending work in process inventory. Start by recalculating the physical flow of units and output equivalents. Summary of the Flow of Physical Units and Output in Equivalent Units; Weighted-Average Method of Process Costing, Plant C of Crimson Industries for Quarter 4, 2020 Each plant uses a process-costing system, and at the end of every quarter, each plant manager submits a production report and a production-cost report. The production report includes the plant manager's estimate of the percentage of completion of the ending work in process as to direct materials and conversion costs, as well as the quantity (sheets) of laminate flooring completed. The corporate controller uses these estimates to compute the cost per equivalent unit of work done for each input for the quarter. Plants are ranked, and the two plants with the lowest cost per equivalent unit for direct materials and conversion costs are each given a bonus and recognized in the company newsletter. Summary of the Flow of Physical Units and Output in Equivalent Units; Weighted-Average Method of Process Costing, Plant C of Crimson Industries for Quarter 4, 2020 ummary of Cost per Equivalent Unit and Costs Assigned to Units Completed and to Units in Ending Work. in-Process inventory; Weighted-Average Method of Process Costing, Plant C of Crimson Industries for Quarter 4, 2020 Summary of Cost per Equivalent Unit and Costs Assigned to Units Completed and to Units in Ending Work-inProcess inventory; Weighted-Average Method of Process Costing, Plant C of Crimson Industries for Quarter