Exam #2 Chapters 17 & 18 Printem 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 $0.25 and $2.75, respectively. The equivalent units to be assigned costs are a follows: Inventory in process, October 1 Started and completed during October Transferred out of Raling (completed) Inventory in process, October 31 Total units to be assigned costs Equivalent Units Direct Materials Conversion 0 2,500 36.000 36,000 36,000 38.500 2,000 38,000 600 39,100 The beginning work in process inventory on October 1 had a cost of $1,650. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total coste assigned by the Rolling Department Completed and transferred-out production Inventory in process, October 31 Total costs assigned by the Rolling Department 000