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 $1.25 and 170. respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 4,100 Started and completed during October 68,000 60,000 Transferred out of Rolling (completed) 68,000 72,100 Inventory in process, October 31 5,000 2,500 Total units to be assigned costs 73,000 74,600 The beginning work in process inventory on October 1 had a cost of $2,620. 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 E