(Step 1) (Step 2) Equivalent units Flow of production Physical units Transferred- in costs Direct materials Conversion Costs Completed and transferred out during current period 2,100 2,100 2,100 2,100 Add work in progress, closing 400 (400 × 100%; 400 × 0%; 400 × 60%) 400 0 120 Total accounted for 2,500 2,500 2,100 2,220 Deduct work in progress, opening 500 (500 × 100%; 500 × 0%; 500 × 60%) 500 0 300 Transferred in during current period 2,000 ____ ____ Work done in current period only 2,000 2,100 1,920 * Degree of completion in this department transferred-in costs, 100%; direct materials, 0%; conversion costs, 30%. || Degree of completion in this department transferred-in costs, 100%; direct materials, 0%; conversion costs, 60%.
