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 Jabari Steel Company are $1.40 and $0.25, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units Direct Materials	Equivalent Units Conversion
Inventory in process, October 1	0	4,300
Started and completed during October	62,000	62,000
Transferred out of Rolling (completed)	62,000	66,300
Inventory in process, October 31	8,000	3,200
Total units to be assigned costs	70,000	69,500

The beginning work in process inventory on October 1 had a cost of $2,750. 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