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 $2.00 and $2.70, respectively. The equivalent units to be assigned costs are as follows:

Equivalent Units Direct MaterialsConversionInventory in process, October 10 2,300 Started and completed during October33,000 33,000 Transferred out of Rolling (completed)33,000 35,300 Inventory in process, October 312,000 800 Total units to be assigned costs35,000 36,100

The beginning work in process inventory on October 1 had a cost of $1,360. 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$fill in the blank 1Inventory in process, October 31$fill in the blank 2Total costs assigned by the Rolling Department$fill in the blank 3