Question: Please complete the question and label each part clearly sing Company had work in process at the beginning and end of March 2017 in its


sing Company had work in process at the beginning and end of March 2017 in its Painting Department as follows: cess Click the icon to view the work-in-process information.) 25, The company completed 40,000 units during March. Manufacturing costs incured during March were direct materials costs of $500,000 and conversion costs of $400,000. Inventory at March 1 was caried at a cost of $35,000 (direct materials-$5,000 and conversion costs-$30,000) Assuming Sarron 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. Physical Units Flow of Production Inte Work in process, beginning Started during current period To account for ot March 2017 in its Painting Depa tion.) pleted 40.000uite durina March Manufacturina coste incurred durina March were dicost materia ts of $400 i Data Table $5,000 ses FIFO d s in ending he cost of Percentage of Completion he physical Direct Conversion Materials Costs 10% 40% (20,000 units) March 1 20% 80% low of Pro (10,000 units) March 31 eginning Done Print ent period Check Answer in the edit fields and then click Check Answer during March were Sarron uses FIFO costing, determine the equivalent units of work done in March, and calcula -$30,000) Begin by entering the physical units in first, then calculate the equivalent units. Physical Flow of Production Units Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period Clear All Enter any number in the edit fields and then click Check
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