The cost per equivalent units of direct materials and conversion in the Bottling Department of...
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Accounting
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.70 and $0.10, respectively. The equivalent units to be assigned costs are as follows:
| Direct Materials | Conversion | |||
| Inventory in process, beginning of period | 0 | 2,700 | ||
| Started and completed during the period | 51,040 | 51,040 | ||
| Transferred out of Bottling (completed) | 51,040 | 53,740 | ||
| Inventory in process, end of period | 3,620 | 2,300 | ||
| Total units to be assigned costs | 54,660 | 56,040 | ||
The beginning work in process inventory had a cost of $3,160. 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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