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 $$0\mathrm{.}45$ and $$2\mathrm{.}40,$ respectively. The equivalent units to be assigned costs are as follows:

$\backslash$table$[[,$Equivalent Units$],[,$Direct Materials,Conversion$],[$Inventory in process, October $1,0,3,400],[$Started and completed during October,$68,000,68,000],[$Transferred out of Roilling $($completed$),68,000,71,400],[$Inventory in process, October $31,8,000,3,200],[$Total units to be assigned costs,,$74,600]]$

Completed and transferred$-$out production

Inventory in process, October $31$

Total costs assigned by the Rolling Department $$