Capacity of units transferred out and end work in process
Prices per unit for direct materials or conversion
The Kraus Steel Company’s Rolling Department is $1.80
$2.70, respectively. These are the equivalent units that will be charged for.
These are the details:
Inventory currently in process October 10, 2900
October 48,000 48,000
Completed Transfer of Rolling 48,000 50,900
Inventory is in progress, October 316,000 3,600
Costs for total units 54,000 54,500
On October 1, the beginning of process inventory had an estimated cost.
Amount: $1,650 Calculate the price of finished and transferred-out
The production is the end work on process inventory.
Costs assigned by the Rolling Department.
Produced, completed, and transferred out
Oct 31st, Inventory In Process
Rolling Department total cost
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