solve: Equivalent units of production 1. Units completed and transferred out 2. Units of ending goods in process-direct materials-direct labor 3. Total equivalent units of production The numbers to work with: Number of units transferred to finished goods-$700,000 Number of units 30% complete as to labor at end of period-$180,000 Beginning inventory: direct materials-$420,000 Direct labor-$139,000 Direct labor cost for period-$3,254,000 Direct materials cost for period--$2,220,000