Palomino, Inc., manufactures a variety of paints in three departments: grinding, mixing, and canning. Palomino uses the weighted average method. The following are cost and production data for the grinding department for March (assume that units are measured in pounds): LO3 

Production:

Units in process, March 1, 60% complete 40,000 Units completed and transferred out 100,000 Units in process, March 31, 20% complete 20,000 Costs:

Work in process, March 1 $187,200 Costs added during March 629,200 Required:

1. Prepare a physical flow analysis for the grinding department for the month of March.

2. Calculate equivalent units of production for the grinding department for the month of March.

3. Calculate unit cost for the grinding department for the month of March.

4. Calculate the cost of units transferred out and the cost of ending work in process inventory.

5. Preparea cost reconciliation for the grinding department for the month of March.