Coct of Units Transferred Out and Ending. Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $1.80 and $2.25, respectively. The equivalent units to be assigned costs are as follows: The beginning work in process inventory on July 1 had a cost of 51,320 . Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department. Frettad - Ohech My wois The assumption would be that units that had been in beginning work in process would have been the first unies completed in the department, How much cost is associated with those beginining work in process units? How many units were both started and completed during the period? How much cost is associated with the started and completed units? How many units were started in the period but are still in work in process? How much cost is assocated with these. end ing work in process units? Process Cost Journal Entries In July, the cost of materiais transferred into the Roling Department from the Casting Department of Oak Ridge Steel Company is 1556,100 . The conversien cost for the period in the Rolling Department is $117,300 ( $67,400 factory overhead applied and $49,900 direct laber). The total cost transferred to Finished Goods for the peried was $590,000. The Rolling Department had a beginning inventory of $27,200. a1. Journalize the cost of transferred-in materials; a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank; a3. Journajize the costs transferred out to Finished Goods. b. Determine the balance of Work in Process-Roling at the end of the period