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 $2.05 and $2.85, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units Direct Materials	Equivalent Units Conversion
Inventory in process, October 1	0	2,000
Started and completed during October	33,000	33,000
Transferred out of Rolling (completed)	33,000	35,000
Inventory in process, October 31	3,000	1,800
Total units to be assigned costs	36,000	36,800

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.

Line Item Description	Amount
Completed and transferred-out production
Inventory in process, October 31
Total costs assigned by the Rolling Department