The Scranton 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.$)$

The company completed $22,000$ units during March. Manufacturing costs incurred during March were direct materials costs of $$400,000$ and conversion costs of $$500,000.$ Inventory at March $1$ was carried at a cost of $$20,000($direct materials, $$5,000$ and conversion costs, $$15,000).$

Assuming Scranton 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.

$\backslash$table$[[$Flow of Production$],[$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

Data table

$\backslash$table$[[,$Percentage of Completion$],[$March $1(20,000$ units$),40\%,$Conversion Costs$],[$Direct Materials,$30\%,],[$March units$),90\%,20\%$