Data table

$11$ Now calculate cost per equivalent unit for direct materials and conversion costs.

Finally, assign total costs to units completed $($and transferred out$)$ and to units in ending work in process $($WIP$).$ Begin by calculating the total from beginning inventory, then calculate the total costs accounted forThe Sherron Processing Company had work in process at the beginning and end of March $2020$ in its Painting Department as follows:

$($Click the icon to view the work$-$in$-$process information.$)$

$$10,000.$

Assuming Sherron uses FIFO costing, determine the equivalent units of work done in March, and calculate the cost of units completed and the cost of units in ending inventory.

Begin by entering the physical units in first, then calculate the equivalent units.

Completed and transferred out during current period:

Next, summarize the total costs to account for.

Now calculate cost per equivalent unit for direct materials and conversion costs.