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 Bragg Steel Company are $2.70 and $1.65, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials		Conversion
Inventory in process, October 1	0		1,900
Started and completed during October	47,000		47,000
Transferred out of Rolling (completed)	47,000		48,900
Inventory in process, October 31	5,000		3,000
Total units to be assigned costs	52,000		51,900

The beginning work in process inventory on October 1 had a cost of $1,200. 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

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