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Question
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $0.45 and $0.12, respectively. The equivalent units to be assigned costs are as follows:
| Direct Materials | Conversion | |
| Inventory in process, beginning of period | 0 | 3,500 |
| Started and completed during the period | 57,000 | 57,000 |
| Transferred out of Bottling (completed) | 57,000 | 60,500 |
| Inventory in process, end of period | 3,500 | 1,800 |
| Total units and costs to be assigned | 60,500 | 62,300 |
The beginning work in process inventory had a cost of $2,200. Determine the cost of completed and transferred-out production and the ending work in process inventory.
Answer
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