The cost per equivalent unit of direct materials and conversion in the Rolling Department of Mohawk Valley Steel Company is $58.50 and $11.60, respectively. The equivalent units to be assigned costs are as follows:

The beginning work in process inventory had a cost of $209,000. Determine the cost of completed and transferred-out production and the ending work in processinventory.

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Equivalent Units Direct Mtials Conversion Inventory in process, beginning of period Started and completed during the period Transferred out of Rolling (completed) Inventory in process, end of period Total units to be assigned costs 78,000 78,000 5,680 83,680 2,760 78,000 80,760 1,420 82,180