Refer to the information for Roland Corp given below; Prepare the journal entry to transfer the cost of completed units to Finished Goods Inventory.


Roland's ending work in process is 100 percent complete for materials and 30 percent complete for conversion. Roland uses the weighted-average costing method and has computed direct materials cost per equivalent unit of $10 and conversion cost per equivalent unit of $24. Determine the cost assigned to units transferred out and to ending work in process.