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 $1.45 and $1.45, respectively. The equivalen units to be assigned costs are as follows: Equivalent Units 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 Direct Materials Conversion 0 1,300 32,000 32,000 32,000 33,300 3,000 35,000. 1,200 34,500 The beginning work in process inventory on July 1 had a cost of $920. 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, endin Total costs assigned by the Rolling Department