Campbell Watches, Inc. makes watches. Its assembly department started the accounting period with a beginning inventory balance of $21,500. During the accounting period, the department incurred $45,000 of transferred-in cost, $23,000 of materials cost, $64,000 of labor cost, and $75,850 of applied overhead cost. The department processed 6,950 total equivalent units of product during the accounting period. Required a. Assuming that 1,100 equivalent units of product were in the ending work in process inventory, determine the amount of cost transferred out of the Work in Process Inventory account of the assembly department to the Finished Goods Inventory account. What was the assembly department's cost of ending work in process inventory? b. Assuming that 5,750 units of product were transferred out of the assembly department's work in process inventory to finished goods inventory, determine the amount of the assembly department's cost of ending work in process inventory. What was the cost of the finished goods inventory transferred out of the assembly department? Cost Allocation a. To finished goods To ending inventory b. To finished goods To ending inventory