Holloway manufactures cell phones. The conversion costs to produce cell phones for November are added evenly throughout the process in the Assembly Department. For each of the following separate assumptions, calculate the equivalent units of production for conversion costs in the ending Work-in-Process Inventory for the Assembly Department: 1. 10,000 cell phones were 65% complete 2. 19,000 cell phones were 35% complete First, determine the formula for calculating equivalent units of production. (Abbreviation used: WIP = Work-in-Process Inventory) = Equivalent units of production Assumption 1. 10,000 cell phones were 65% complete The equivalent units for conversion costs is Assumption 2. 19,000 cell phones were 35% complete The equivalent units for conversion costs is