The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $0.60 and $0.25, respectively. The equivalent units to be assigned costs are as follows:

The beginning work in process inventory had a cost of $4,500. Determine the cost of completed and transferred-out production and the ending work in process inventory.

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Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,400 Started and completed during the period 62,000 62,000 Transferred out of Filling (completed) 62,000 64,400 Inventory in process, end of period 10,000 2,500 Total units to be assigned costs 72,000 66,900