Thompson Tools produces dampers in a continuous process through two departments: Assembly and Packaging. All direct materials are added at the beginning of the process in the Assembly Department, whereas all direct materials are added at the end of the process in the Packaging Department. Conversion costs are incurred uniformly over time in both departments. As units are completed in the Assembly Department, they are transferred to the Packaging Department. The costs associated with the transferred units are included in the computation of the Packaging Department’s total costs. The information presented below was compiled at the end of March:

Instructions
a. Complete the following requirements for the Assembly Department:
1. Prepare a schedule showing units started and completed in the Assembly Department during March.
2. Compute the equivalent units of direct materials and conversion for the Assembly Department in March.
3. Determine the cost per equivalent unit of input resource for the Assembly Department during March.
4. Prepare the summary journal entry required to transfer units from the Assembly Department to the Packaging Department during March.
5. Compute the costs assigned to ending inventory in the Assembly Department on March 31.
b. Complete the following requirements for the Packaging Department:
1. Prepare a schedule showing units started and completed in the Packaging Department during March.
2. Compute the equivalent units of direct materials and conversion for the Packaging Department in March. Direct materials include both those transferred in from the Assembly
Department and those added by the Packaging Department.
3. Determine the cost per equivalent unit of input resource for the Packaging Department during March.
4. Prepare the summary journal entry required to transfer units from the Packaging Department to Finished Goods Inventory during March.
5. Compute the costs assigned to ending inventory in the Packaging Department on March31.

Assembly Packaging Department Department Beginning Inventories (on March 1) Physical units in production carried forward from February 285, Costs 5,000 4,000 Transferred Assembly costs carried forward from February 28 Direct materials costs carried forward from February 28 . . . . . .45,000 Conversion costs carried forward from February 28. .. $60,000 .9,000 3,200 Current Production (in March) Units started during March. .. Units in ending inventories as of March 31 .. Costs: --.80,000 9,000 .. 20,000 Assembly costs transferred to Packaging during March Direct materials costs incurred in March Conversion costs incurred in March $720,000 490,200 $840,000 260,800 Percentage of Completion Inventories with respect to conversion on March 1 . . . . .. Inventories with respect to conversion on March 31 30% 80 20% 30