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Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.00 and $0.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,900 Started and completed during the period 48,000 48,000 48,000 49,900 Transferred out of Filling (completed) Inventory in process, end of period 2,000 1,000 Total units to be assigned costs 50,000 50,900 The beginning work in process inventory had a cost of $1,220. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out production $ Inventory in process, ending $ Process Cost Journal Entries The cost of materials transferred into the Rolling Department of Keystone Steel Company is $568,200 from the Casting Department. The conversion cost for the period in the Rolling Department is $112,000 ($62,100 factory overhead applied and $49,900 direct labor). The total cost transferred to Finished Goods for the period was $656,500. The Rolling Department had a beginning inventory of $21,800. a1. Journalize the cost of transferred-in materials. Work in Process-Rolling Work in Process-Casting Feedback a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank. Work in Process-Rolling Factory Overhead-Rolling Wages Payable Feedback a3. Journalize the costs transferred out to Finished Goods. Finished Goods Work in Process-Rolling Feedback b. Determine the balance of Work in Process-Rolling at the end of the period. Feedback