Loanstar had 50 units in beginning inventory before starting 900 units and completing 700 units. The beginning work in process inventory consisted of $3,000 in materials and $6,000 in conversion costs before $7,450 of materials and $8,725 of conversion costs were added during the month. The ending WIP inventory was 100% complete with regard to materials and 30% complete with regard to conversion costs. Use the above information to complete a production cost report. Enter all amount as positive values. Production Cost Report Work in process completion percent 100% 30% Material Units Conversion Units Total Units Completed and transferred out 700 700 700 Ending work in process Total units to account for Costs to account for Materials Conversion Total Beginning work in process Incurred during the period Total costs to account for $ Equivalent units Cost per equivalent unit for department $ Transferred-out costs End work in process: materials End work in process: conversion II End work in process: total Total costs accounted for Feedback Check My Work Add the beginning units to the units started during the month to determine units to account for. Subtract the completed and transferred out amount to determine the number ending work in process. From there, apply the percentages for both materials and conversion to the ending inventory amount The total units to account for is the completed and transferred out amount plus the ending work in process amounts