The Mixing Department of Saiorise Ltd., a producer of fabric for Broadway shows, has the following information regarding costs and output for March:

Units:                                                                                          Costs:
Opening work-in-process inventory: 0 units.......................Direct materials: $840,000
Started and completed: 150,000 units.................................Direct labour: $40,000
Started and still in process at March 31: 50,000 units.......Factory overhead: $310,000
Direct materials: 100% complete
Conversion costs: 50% complete

Required:

1. Prepare a quantity schedule showing the computation of the equivalent units of production for March. The company is interested in learning if there will be a difference between the WACM and FIFO approaches for data for March. Comment.

2. Calculate the cost of 150,000 units transferred out in March.

3. Calculate the cost of ending inventory in March.