Rundle Watches, Incorporated makes watches. lts assembly department started the accounting period with a beginning inventory balance of $21,500. During the accounting period, the department incurred $40,500 oftransferredin cost, $25,000 of materials cost, $69,500 of labor cost, and $46,450 of applied overhead cost. The department processed 6,150 total equivalent units of product during the accounting period. Required {Each requirement is independent of the other.) 15. Assuming that 1150 equivalent units of product were in the ending work in process inventory, determine the amount of cost transferred out ofthe Work in Process lnventory account of the assembly department to the Finished Goods Inventory account. What was the assembly department's cost of ending work in process inventory? b. Assuming that 5600 units of product were transferred out of the assembly department's work in process inventory to finished goods inventory, determine the amount ofthe assembly department's cost of ending work in process inventory. What was the cost of the finished goods inventory transferred out of the assembly department? a. To finished goods a. To ending inventory b. To finished goods b. To ending inventory