The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.60 and $0.10, respectively. The equivalent units to be assigned costs are as follows:
Direct Materials |
Conversion |
|||
Inventory in process, beginning of period | 0 | 2,880 | ||
Started and completed during the period | 50,890 | 50,890 | ||
Transferred out of Bottling (completed) | 50,890 | 53,770 | ||
Inventory in process, end of period | 3,300 | 2,600 | ||
Total units to be assigned costs | 54,190 | 56,370 |
The beginning work in process inventory had a cost of $3,130. Determine the cost of completed and transferred out production, and the ending work in process inventory.
Completed and transferred out production | $ |
Inventory in process, ending | $ |
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