Cost 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 $0.30 and $0.90, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 2,200 Started and completed during July 36,000 36,000 Transferred out of Rolling (completed) 36,000 38,200 Inventory in process, July 31 3,000 1,200 39,000 39,400 Total units to be assigned costs The beginning work in process inventory on July 1 had a cost of $1,360. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production Inventory in process, ending Total costs assigned by the Rolling Department