The Stanton Processing Company had work in process at the beginning and end of March 2017 in its Painting Department as follows:

The company completed 30,000 units during March. Manufacturing costs incurred during March were direct materials costs of $176,320 and conversion costs of $312,625. Inventory at March 1 was carried at a cost of $16,155 (direct materials$5,380 and conversion costs$10,775). Assuming Stanton 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.

If possible, can a break down of the calculations be made? As I have been stuck on this problem for a while. Thank you for your help in advance :)

Begin by entering the physical units in first, then calculate the equivalent units.

X Data Table Percentage of Completion Direct Materials Conversion Costs 40% 10% 80% 40% March 1 (3,000 units) March 31 (2,000 units) Print Done Physical Units Equivalent Units Direct Conversion Materials Costs 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 Now calculate cost per equivalent unit for direct materials and conversion costs. Direct Materials Conversion Costs Divide by Cost per equivalent unit