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ControlThe costs per equivalent unit of direct materials and conversion in the Filling Department of...

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Accounting

ControlThe costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $0.60 and $0.25, respectively. The equivalent units to be assigned costs are as follows:t
Equivalent Units
Direct Materials Conversion
Inventory in process, beginning of period 02,400
Started and completed during the period 62,00062,000
Transferred out of Filling (completed)62,00064,400
Inventory in process, end of period 10,0002,500
Total units to be assigned costs 72,00066,900
The beginning work in process inventory had a cost of $4,500. Determine the cost of completed and transferred-out production and the ending work in process inventory.
Completed and transferred out of production $fill in the blank 1
Inventory in process, ending $fill in the blank 2

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