Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 2,997 tons in beginning work in process inventory (30% complete) on October 1. During October 13,200 tons were completed. The ending work in process inventory on October 31 was 1,665 tons (40% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. units Cost of Units Transferred out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the falling Department of Kraus Steel Company are $1.40 and $2.05, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 2,600 Started and completed during October 51.000 51,000 Transferred out of Rolling (completed) 51,000 53,600 Inventory in process, October 31 6,000 3,600 Total units to be assigned costs 57,000 57,200 The beginning work in process inventory on October 1 had a cost of $1,740. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production Inventory in process, October 31 Total costs assigned by the Rolling Department