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 $2.25 and $2.80, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units 314,870 333,190 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 61,000 61,000 4,000 65,000 Conversion 3,100 61,000 64,100 2,000 65,100 The beginning work in process inventory on July 1 had a cost of $1,850. 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 x 14,600