During March, the following costs were charged to the manufacturing department: $14,805 for materials; $14,700 for labor; and $14,100 for manufacturing overhead. The records show that 31,400 units were completed and transferred, while 1,500 remained in ending inventory. There were 32,900 equivalent units of material and 32,000 of conversion costs. Using the weighted average method, what is the cost of inventory transferred and the balance in work in process inventory? When required, round cost per unit to two decimal places and the final answers to the nearest dollar. Cost of inventory transferred $ 42,390 Balance in work in process $ Feedback Check My Work Use the equivalent units for material and conversion to determine the ending work in process after factoring in the units transferred out. Remember that material costs are associated with the materials portion and labor and manufacturing overhead are associated with the conversion portion. This items are needed to determine the cost per unit for both materials and conversion. Those per unit cost are used to determine the total cost transferred out and ending work in process