SOLUTION :-

COMPLETED AND TRANSFERRED OUT UNITS :-

DIRECT MATERIAL (68,000*$0.60) $40,800

CONVERSION (68,000*$0.80) $54,400

TOTAL $95,200

INVENTORY IN PROCESS, OCT. 31

DIRECT MATERIAL (7,000*$0.60) $4,200

CONERSION (4,200*$0.80) $3,360

TOTAL $7,560

TOTAL COST ASSIGNED BY ROLLING DEPARTMENT :-

COMPLETED ANS TRANSFERRED OUT UNITS COST $95,200

INVENTORY IN PROCESS, OCT 31 COST $7,560

TOTAL $102,760

Explanation:

AMOUNT IN THE DOLLAR.COMPLETED AND TRANSFERRED OUT UNITS = $95,200

INVENTORY IN PROCESS, OCT. 31 = $7,560

TOTAL COST ASSIGNED BY ROLLING DEPARTMENT = $102,760

^^^^^^ONLY THE ANSWER FOR INVENTORY IN PROCESS, OCT.31 IS CORRECT

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 Jabari Steel Company are $0.60 and $0.80, respectively. The equivalent units to be assigned costs are as follows: \begin{tabular}{lcc} & EquivalentUnitsDirectMaterials & EquivalentUnitsConversion \\ \hline Inventory in process, October 1 & 0 & 4,800 \\ Started and completed during October & 68,000 & 68,000 \\ \cline { 2 - 3 } Transferred out of Rolling (completed) & 68,000 & 72,800 \\ Inventory in process, October 31 & 7,000 & 4,200 \\ \cline { 2 - 3 } Total units to be assigned costs & 75,000 & 77,000 \\ \cline { 2 - 3 } & \end{tabular} Completed and transferred-out production Inventory in process, October 31 Total costs assigned by the Rolling Department