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 $0.35 and $2.15, respectively. The equivalent 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 4,200 53,000 53,000 53,000 57,200 4,000 57,000 2,000 59,200 The beginning work in process inventory on July 1 had a cost of $2,310. 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