The ledger of Hannon Company has the following work in process account.

Work in Process—Painting 3/1 Balance 3,680 3/31 Transferred out ?

3/31 Materials 6,600 3/31 Labor 2,500 3/31 Overhead 1,150 3/31 Balance ?

Production records show that there were 800 units in the beginning inventory, 30% complete, 1,200 units started, and 1,500 units transferred out. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Hannon uses the FIFO method to compute equivalent units.

Instructions Answer the following questions.

(a) How many units are in process at March 31?

(b) What is the unit materials cost for March?

(c) What is the unit conversion cost for March?

(d) What is the total cost of units started in February and completed in March?

(e) What is the total cost of units started and finished in March?

(f) What is the cost of the March 31 inventory?

AppendixLO1