Cost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.25 and $2.00, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct in process, beginning of period0 2,500 Started and completed during the period50,000 50,000 Transferred out of Filling (completed)50,000 52,500 Inventory in process, end of period3,000 1,200 Total units to be assigned costs53,000 53,700 The beginning work in process inventory had a cost of $1,530. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred-out production$Inventory in process, ending$

Completed and transferred-out production $ 116,500

Inventory in process, ending $3150

Explanation:

Eve Cosmetics Company

Filling Department

Costs per equivalent unit of direct materials  $0.25

Costs per equivalent unit of conversion $ 2.00

                                                                          Equivalent Units

Particulars                                                     Direct Materials     Conversion

Inventory in process, beginning of period     0                2,500

Started and completed during the period   50,000       50,000

Transferred out of Filling (completed)             50,000       52,500

Inventory in process, end of period                 3,000         1,200

Total units to be assigned costs                    53,000         53,700

We multiply the cost per unit to the equivalent units of production both in the completed and ending inventory to get the total costs.

Completed and transferred-out production $ 116,500

Materials = 50,000 units * $ 0.25= $12500

Conversion = 52,000 units * $ 2.0= $104,000

Inventory in process, ending $3150

Materials = 3,000 units * $ 0.25= $ 750

Conversion = 12,00 units * $ 2.0= $2400

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