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 $2.90 and $2.35, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Conversion Materials 0 36,000 36,000 3,000 39,000 Inventory in process, July 1 Started and completed during July Transferred out of Rolling (completed) Inventory in process, July 31 Total units to be assigned costs The beginning work in process inventory on July 1 had a cost of $1,630. 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 2,500 36,000 38,500 1,800 40,300 $26,40X $12,931 $39,33 x Feedback Check My Work The assumption would be that units that had been in beginning work in process would have been the first units completed in the department. How much cost is associated with those beginning 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 associated with these ending work in process units