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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion

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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent unite in ending work in proceso inventory 2,180 870 Cost per equivalent unit $ 14.36 $ 5.03 A total of 21700 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total, 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total, (For all requirements, round your final answers to the nearest whole dollar amount.) Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred out Materials 31305

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