impin Progress Waterway Products assembles its lava rock bracelet in an assembly department. The assembled units then move into the finishing department, where conversion costs are added evenly throughout the process. The following information is for Waterway Products finishing department for the month of October. Step 2: Determine physical status of units and convert into equivalent units Equivalent Units Transferred-In DM Conversion Costs % % % Added Added Added Physical Units This Equiv. This Equiv. This Equiv. Period Units Period Units Period Units Units in beginning WIP 5,300 0% 100% 5,300 ? 3,710 Units started and completed ? ? 2 ? 2 2 ? Units in ending WIP Inventory 3,200 ? 3,200 1,920 Total units accounted for 15,400 Total equivalent units of work done this period 10,100 2 12.530 Step 3: Account for costs