TB MC Qu. 16-170 (Algo) Williams Company computed... Williams Company computed its cost per equivalent unit for direct materials to be $1.60 and its cost per equivalent unit for conversion to be $3.01. A total of 362,000 units of product were completed and transferred out as finished goods during the month, and 37,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in Finished Goods Inventory is: Multiple Choice $111,370. $1,728,020. $170,570. $579,200. $1,668,820