Chrome Accessories manufactures chrome bumpersfor classic cars in a two-stage process that includes molding and plating. The direct materials (chrome) are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Chrome Accessories uses weighted-average process costing. At March 31, 2009, before recording the transfer of cost to Finished Goods Inventory, Chrome Accessories records included the following data for the Plating Department:

Units:

Beginning work in process 600 bumpers

Transferred in from the Molding Department during March 3,000 bumpers

Completed during March 2,200 bumpers

Ending work in process (50% complete as to conversion work) 1,400 bumpers

Costs:

Beginnig work in process (transferred-in cost, $18,000; conversion costs, $12,480) $30,480

Transferred in from the Molding Department during March 36,000

Materials cost added during March 24,200

Conversion costs added during March (manufacturing wages, $21,732, manufacturing overhead, $38,288) 60,020

Requirements:

1) Draw a time line for the Plating Department.

2) Use the time line to help you compute the equivalent units, cost per equivalent unit, and total costs to account for in the Plating Department for March.

3) Prepare the March production cost report for the Plating Department.

4) Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted.