williams company computed its cost per equivalent unit for direct materials to be $2.90 and its cost per equivalent unit for conversion to be $3.45. a total of 203,000 units of product were completed and transferred out as finished goods during the month. the ending work in process inventory consists of 33,000 equivalent units of direct materials and 33,000 equivalent units of conversion costs. the amount that should be reported in ending work in process inventory is:

Equivalent units are hypothetical whole units that are equal to the quantity of incomplete units multiplied by the degree of completion of those incomplete units.
Work-in-progress inventory units are referred to as equivalent units at the conclusion of a given time frame.
Given the costs incurred during that time for all items that weren't yet finished, it specifies the number of finished units of a specific item that the company could have produced.
A manufacturer's work on output units that are only partially finished at the conclusion of an accounting period is expressed as an equivalent unit of production.
In essence, completely completed units are used to indicate both fully completed units and partially completed units.

value of ending inventory = ($2.90x 33,000) + ($3.45 x 33,000)

95,700 + 113,850 = $209,550.

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