The Scranton Processing Company had work in process at the beginning and end of March 2017 in its Painting Department as follows: (Click the icon to view the work-in-process information.) The company completed 40,000 units during March. Manufacturing costs incurred during March were direct materials costs of $600,000 and conversion costs of $500,000. Inventory at March 1 was carried at a cost of $40,000 (direct materials $30,000 and conversion costs- $10,000 ). 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. Begin by entering the physical units in first, then calculate the equivalent units. 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 for. 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 for. The Scranton Processing Company had work in process at the beginning and end of March 2017 in its Painting Department as follows: (Click the icon to view the work-in-process information.) The company completed 40,000 units during March. Manufacturing costs incurred during March were direct materials costs of $600,000 and conversion costs of $500,000. Inventory at March 1 was carried at a cost of $40,000 (direct materials $30,000 and conversion costs- $10,000 ). 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. Begin by entering the physical units in first, then calculate the equivalent units. 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 for. 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 for