2. The cost per equivalent units of direct materials and conversion in the Bottling Department af Alpine Springs Water Company is $0.45 for materials and $0.12 for conversion. The equivalent units to be assigned costs are as follows. Conversion 3,500 57,000 60,500 Direct Materials Inventory in process, beginning of period Started and completed during the period Transferred out of Bottling (completed) Inventory in process, end of period Total units and costs to be assigned 57,000 57,000 3,500 60.500 1,800 62.300 The beginning work in process inventory had a cost of $2,200. Determine the cost of completed and transferred out of production, and the ending work in process inventory. Use the following table to derive your solution (dollars): Direct terials Conversion Total Cost from previous period (materials only) Inventory in process, beginning balance $2.200 Inventory in process, beginning of period Started and completed during the period Transferred out of Bottling (completed) Inventory in process, end of period Total costs assigned by the Bottling Dept