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Determine the cost of completed and transferred out

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Question - The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.50 and $0 20, respectively. The equivalent units to be assigned costs are as follows:

 

Equivalent Units

 

Direct Materials

Conversion

Inventory In process, beginning of period

0

3,400

Started and completed during the period

50,850

50,850

Transferred out of Bottling (completed)

50,850

54,250

Inventory in process, end of period

3,550

2,700

Total unit to be assigned costs

$4,400

56,950

The beginning work in process inventory had a cost of $3,390. Determine the cost of completed and transferred out production and the ending work in process Inventory.

Reference no: EM133165908

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