During the month of March, Buildem Inc. produces a single product, Krumble, en mass in a continuous production process. The company assigns standard costs for direct materials ($52/unit) and conversion costs ($145/unit) The company produced 5,000 units in the current. The company started the month with 2,500 units in beginning WIP inventory and end the month with 2,250 units, complete to 50%.

Using the Standard process-costing method, determine the following:

1. How many equivalent units were completed and transferred in March?

2. What is the total production cost to account for in the current period?

3. Summarize the assignment of costs to beginning WIP inventory, started and completed and ending WIP inventory?