Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Kraus Steel Company are $1.80 and
$2.70, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct MaterialsConversion
Inventory in process, October 10 2,900
Started and completed during October48,000 48,000
Transferred out of Rolling (completed)48,000 50,900
Inventory in process, October 316,000 3,600
Total units to be assigned costs54,000 54,500
The beginning...