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 $1.90 and $1.40, 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	32,000		32,000
Transferred out of Rolling (completed)	32,000		33,900
Inventory in process, October 31	4,000		2,400
Total units to be assigned costs	36,000		36,300

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	$