Requirements

Calculate equivalent units of work done in the current period $($for transferred$-$

in costs, direct materials, and conversion costs$)$ to complete beginning work

in process, to start and complete new units, and to produce ending work in

process.

Summarize the total costs to account for, and calculate the cost per equivalent

unit for transferred$-$in costs, direct materials, and conversion costs.

Assign costs to units completed $($and transferred out$)$ and to units in ending

work in process.