The company uses the FIFO method of computing equivalent units and assigning product costs. Production costs include both raw materials and conversion costs that are incurred uniformly in the production process.

Required
A. How many reams of paper were completed in March?
B. Of the reams of paper completed in March, how many were started and completed during the month?
C. How many equivalent finished units did the company complete in March?
D. What is the cost per equivalent unit?
E. Calculate the cost of the ending work in process inventory and the cost of goods manufactured inMarch.

Reams of Paper 35,000 93,000 20,000 Production Beginning work in process (40% complete) Current period production Ending work in process (65% complete) Costs $89,170 394,830