Determine cost of completed and transferred-out production

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Problem - Cost of units transferred out and ending work in process

The costs per equivalent unit of direct materials and conversion in the Filling Department of Rose Petal Lotion Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows:

 

Equivalent Units

 

Direct Materials

Conversion

Inventory in process, beginning of period

0

690

Started and completed during the period

44,200

44,200

Transferred out of Filling (completed)

44,200

44,890

Inventory in process, end of period

1,800

450

Total units to be assigned costs

46,000

45,340

The beginning work in process inventory had a cost of $1,100. Determine the cost of completed and transferred-out production and the ending work in process inventory.

Reference no: EM132684593

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