NE Determine the cost of pages transferred from the printing department to the binding department dur ing the month of September Exercise 12-11B Allocating costs in a process costing system Osprey Corporation, a manufacturer of diabetic testing kits, started November production with $150,000 in beginning inventory. During the month, the company incurred $740,000 of materials cost and $480,000 of labor cost. It applied $330,000 of overhead cost to inventory. The company processed 17.000 total equivalent units of product. Required (Each requirement is independent of the other a. Assuming 4.000 equivalent units of product were in ending work in process inventory, determine the amount of cost transferred from the Work in Process Inventory account to the Finished Goods Inventory account. What was the cost of the ending work in process inventory? Assuming 12.000 equivalent units of product were transferred from work in process inventory to finished goods inventory, determine the cost of the ending work in process inventory. What was the cost of the finished goods inventory transferred from work in process? Exercise 12-12B Process costing: Determining equivalent units and allocating costs Wautoma Corporation, which makes Nutcases, completed 12.000 suitcases in August 2018. At the end of August, work in process inventory consisted of 5.000 suitcases estimated to be 40 percent complete. Total product costs for August amounted to $880,000