The Southshore Processing Company had work in process at the beginning and end of March in its Painting Department as follows: (Click the icon to view the work-in-process information.) The company completed 50,000 units during March. Manufacturing costs incurred during March were direct materials costs of $220,000 and conversion costs of $300,000. Inventory at March 1 was carried at a cost of $30,000 (direct materials$10,000 and conversion costs$20,000). Assuming Southshore 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 equivale Data table Physical Flow of Production Units Percentage of Completion Work in process, beginning 20000 Direct Materials Conversion Costs Started during current period 55% 25% March 1 (20,000 units) March 31 (10,000 units) To account for 50% 50% Completed and transferred out during current period: From beginning work in process Started and completed Print Done Work in process, ending Accounted for Equivalent unts of work done in current period