Cost of units transferred out and ending work in process

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Reference no: EM131770803

Question: Cost of Units Transferred Out and Ending Work in Process

The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $1 and $1.3, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials	Conversion
Inventory in process, beginning of period	0	2,200
Started and completed during the period	44,000	44,000
Transferred out of Bottling (completed)	44,000	46,200
Inventory in process, end of period	6,000	3,600
Total units to be assigned costs	50,000	49,800

The beginning work in process inventory had a cost of $1,470. 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 production $ _______

Inventory in process, ending $_______

Reference no: EM131770803

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