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Business, 09.03.2021 02:20 0143623

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $750 and $120, respectively. The equivalent units to be assigned costs are as follows:Equivalent UnitsDirect in process, October 10 80Started and completed during October3,700 3,700Transferred out of Rolling (completed)3,700 3,780Inventory in process, October 31300 75Total units to be assigned costs4,000 3,855The beginning work in process inventory on October 1 had a cost of $163,800. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.

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