Schmidt Discount Office Producers manufactures economy highlighters that are distributed under store brands at discount stores. For the highlighter product , direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process . Cost per equivalent unit has been calculated to be $8.80 for conversion costs and $ 71667 for materials . 12, 0 units were worked on during the period . Ending inventory still in process was 4,000 units ( 100 % complete for materials , 50% ending inventory using the weighted average method would be closest to : for conversion ) . The value of ending inventory using the weighted average method would be closest to