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 $1.15 and $1.55, respectively. The equivalent unit to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 3,800 Started and completed during October Transferred out of Rolling (completed) 64,000 64,000 64,000 67,800 Inventory in process, October 31 8,000 4,800 Total units to be assigned costs 72,000 72,600 The beginning work in process inventory on October 1 had a cost of $2,510. 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 Feedback Check My Work The assumption would be that units that had been in beginning work in process would have been the first units completed in the department. How much cost is associated with those beginning work in process units? How many units were both started and completed during the period? How much cost is associated with the started and completed units? How many units were started in the period but are still in work in process? How much cost is associated with these ending work in process units