The costs per equivalent unit of direct materials and conversion in the Rolling Department of Atlas Steel Company are $54 and $13, respectively. The equivalent units to be assigned costs are as follows:

The beginning work in process inventory had a cost of $246,000. Determine the cost of completed and transferred-out production and the ending work in processinventory.

Equivalent Units Direct Materials Conversion Inventory in process, beginning of 2,490 79,430 81,920 period 79,430 79,430 6,770 86,200 Started and completed during the Transferred out of Rolling (completed) Inventory in process, end of period Total units to be assigned costs 2,031 83,951