Question: The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $1.20 and $0.45, respectively. The equivalent

The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $1.20 and $0.45, respectively. The equivalent units to be assigned costs are as follows:

Equivalent Units Direct Materials Conversion

Inventory in process, beginning of period 0 4,600

Started and completed during the period 65,000 65,000

Transferred out of Filling (completed). 65,000 69,600

Inventory in process, end of period. 5,000 3,000

Total units to be assigned costs. 70,000 72,600

The beginning work in process inventory had a cost of $2,760. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.

Completed and transferred out of production	$fill in the blank 1
Inventory in process, ending	$fill in the blank 2

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