Smart Electronics (Smart) manufactures an electronic component called Thor'. The company adopts a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. The following is the company's production schedule in March 2018: Physical Units Direct Conversion materials 100% (Thor) 4,000 6,000 0,00 costs Beginning work in process (1 March) Started in March Units to account for 50% Units from beginning work-in-process (completed and transferred out during March) Started and completed in March Work-in-process inventory, 31 March Total units accounted for 4,000 5,000 1.000 10,000 100% 50% The following cost data are available: Work-in-process inventory, 1 March $36,000 $60,000 Direct materials Conversion