1. 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 $2.40 and $1.65, respectively. The equivalent units to be assigned costs are as follows:

   	Equivalent Units
   	Direct Materials		Conversion
   Inventory in process, July 1	0		3,200
   Started and completed during July	54,000		54,000
   Transferred out of Rolling (completed)	54,000		57,200
   Inventory in process, July 31	7,000		4,200
   Total units to be assigned costs	61,000		61,400

   The beginning work in process inventory on July 1 had a cost of $1,820. 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	$fill in the blank 1
   Inventory in process, ending	$fill in the blank 2
   Total costs assigned by the Rolling Department	$fill in t