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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	2,500
Started and completed during the period	50,780	50,780
Transferred out of Bottling (completed)	50,780	53,280
Inventory in process, end of period	3,060	2,200
Total units to be assigned costs	53,840	55,480

The beginning work in process inventory had a cost of $3,620. Determine the cost of completed and transferred out production and the ending work in process inventory.

Cost of inventory transferred
Ending Inventory

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9959642

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