The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari...

 

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The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $375 and $60, respectively. The equivalent units to be assigned costs are as follows: Details Inventory in process, October 1 Started and completed during October Transferred out of Rolling (completed) Total units to be assigned costs Inventory in process, October 31 Equivalent Units Direct Materials 0 Conversion 320 14,800 14,800 14,800 15,120 1,200 300 16,000 15,420 The beginning work in process inventory on October 1 had a cost of $318,560. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department. The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $375 and $60, respectively. The equivalent units to be assigned costs are as follows: Details Inventory in process, October 1 Started and completed during October Transferred out of Rolling (completed) Total units to be assigned costs Inventory in process, October 31 Equivalent Units Direct Materials 0 Conversion 320 14,800 14,800 14,800 15,120 1,200 300 16,000 15,420 The beginning work in process inventory on October 1 had a cost of $318,560. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.