M3-7 Assigning Costs to Units [LO 3-3, 3-4] Pearl Company has the following production information for October: 43,000 units transferred out and 11,000 units in ending work in process that are 100 percent complete for materials and 68 percent complete for conversion costs. Materials cost is $5.20 per equivalent unit and conversion cost is $8.80 per equivalent unit. Determine the cost assigned to the units transferred out and the units in ending work in process using the weighted average method. Direct Materials Conversion Total Cost Units Completed & Transferred Out Ending Inventory Total Cost Accounted for Total Cost Accounted for $ 0 $ 0 0