Longboard Skateboard's finishing department has 50,000 units in inventory at the beginning of the month. The beginning inventory cost of $90,500 consists of $54,500 of direct materials and $36,000 of conversion costs. During the period, the department started 150,000 units and ending inventory is 30,000 units. Ending inventory is 30% complete with respect to direct materials and 20% complete with respect to conversion costs. Costs added to the department during the period include $930,000 of direct materials as $800,000 of conversion costs. Assign and reconcile costs Assign Costs Dollar Value DM costs transferred out 928,774 Conversion costs transferred out 803,846 Total costs transferred out 173,620 DM costs in Ending Inventory 55,726 Conversion costs in Ending Inventory 32,154 Total costs in Ending Inventory 87,880 Total costs for the period 1,820,500 Reconcile to Known Costs Cost Categories Dollar Amount Beginning Inventory 90,500 DM added during the period 930,000 Conversion added during the period 800,000 Total costs for the period Longboard Skateboard's finishing department has 50,000 units in inventory at the beginning of the month. The beginning inventory cost of $90,500 consists of $54,500 of direct materials and $36,000 of conversion costs. During the period, the department started 150,000 units and ending inventory is 30,000 units. Ending inventory is 30% complete with respect to direct materials and 20% complete with respect to conversion costs. Costs added to the department during the period include $930,000 of direct materials as $800,000 of conversion costs. Assign and reconcile costs Assign Costs Dollar Value DM costs transferred out 928,774 Conversion costs transferred out 803,846 Total costs transferred out 173,620 DM costs in Ending Inventory 55,726 Conversion costs in Ending Inventory 32,154 Total costs in Ending Inventory 87,880 Total costs for the period 1,820,500 Reconcile to Known Costs Cost Categories Dollar Amount Beginning Inventory 90,500 DM added during the period 930,000 Conversion added during the period 800,000 Total costs for the period