The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.60 and $0.20, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct in process, beginning of period03,080Started and completed during the period51,56051,560Transferred out of Bottling (completed)51,56054,640Inventory in process, end of period3,7602,500Total units to be assigned costs55,32057,140The beginning work in process inventory had a cost of $3,100. Determine the cost of completed and transferred out production and the ending work in process inventory. Round answers to nearest whole dollar.

Cost of completed and transferred out production = $41,864

The ending work in process inventory = $2,756

Explanation:

                                                         D.Material  Conversion  Total cost

Inventory in Process (Balance)                                                 $3,100

Inventory in process, beginning                           $616            $616

of period (0.20*3080)                                                                            

Cost of Completed Beginning WIP                                           $3,716

Started and Completed During         $30,936      $10,312       $41,248

the Period(0.60 & 0.20 * 51,560)

Transferred Out of Bottling                $30,936      $10,928      $41,864

(0.60*51,560)(0.20*54,640)

Inventory in process, end of period   $2,256       $500           $2,756

(0.60*3,760) (0.20*2,500)

Total Costs Assigned by the                                                      $44,620

Bottling Department

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