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 Oak Ridge Steel Company are $2.25 and $0.95, respectively. The equivalent units to be assigned costs are as follows: The beginning work in process inventory on July 1 had a cost of 51,740 . Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department