The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.47 and $0.15, respectively. The equivalent units to be assigned costs are as follows. Direct Materials Conversion Inventory in process, beginning of period 0 3,000 Started and completed during the period 52,000 52,000 Transferred out of Bottling (completed) 52,000 55,000 Inventory in process, end of period 3,500 2,100 Total units to be assigned costs 55,500 57,100 The beginning work in process inventory had a cost of $3,500. Determine the cost of completed and transferred out production, and the ending work in process inventory. Completed and transferred out production $fill in the blank 1 Inventory in process, ending $fill in the blank 2