Chapter 20: PE 20-6A

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 Lilac Skin Care Company are $ 0.45 and $0.15, respectively. The equivalent units to be assigned costs are as follows:

Equivalent Units

Direct Materials Conversion

Inventory in process beginning of period 0 1,200

Started and completed during the period 38,000 38,800

Transferred out of filling(completed) 38,800 40,000

Inventory in the process, end of period 6200 2480

total units to be assigned costs 45,000 42480

The beginning work in process inventory had a cost $25,000. Determine the cost of completed and transferred out production and the ending work in process inventory.