(Step 2) (Step 1) Equivalent units Physical units Direct materials Conversion costs Flow of Production Completed and transferred out during current period 9,000 9,000 9,000 Add work in progress, closing 1,000 × 100%; 1,000 × 50% 1,000 00,000 1,000 500 Total accounted for 10,000 10,000 9,500 Deduct work in progress, opening 0 0 0 Started during current period 10,000
