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 Kraus Steel Company are $0.30 and $2.30, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Inventory in process, October 1 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 Total units to be assigned costs Direct Materials Conversion 0 4,000 66,000 66,000 66,000 70,000 5,000 71,000 3,000 73,000 The beginning work in process inventory on October 1 had a cost of $2,600. 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, October 31 Total costs assigned by the Rolling Department