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 Eve Cosmetics Company are $2.00 and $2.60, respectively. The equivalent units to be assigned costs are as follows:
Equivalent Units | ||||
Direct Materials | Conversion | |||
Inventory in process, beginning of period | 0 | 2,600 | ||
Started and completed during the period | 43,000 | 43,000 | ||
Transferred out of Filling (completed) | 43,000 | 45,600 | ||
Inventory in process, end of period | 4,000 | 2,000 | ||
Total units to be assigned costs | 47,000 | 47,600 |
The beginning work in process inventory had a cost of $1,560. 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 | $ |
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