Exercise 169 Massey Corporation uses a process cost system and the weighted-average cost flow assumption. Production begins in the Fabricating Department where materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On March 1, the beginning work in process inventory consisted of 20,000 units which were 60% complete and had a cost of $175,000, $145,000 of which were materials costs. During March, the following occurred:

Materials added	$305,000
Conversion costs incurred	$120,000
Units completed and transferred out in March	50,000
Units in ending work in process March 31 (40% complete)	25,000

Answer the following questions and show the computations that support your answers.

What are the equivalent units of production for materials and conversion costs in the Fabricating Department for the month of March?

Equivalent units of production for material cost		units
Equivalent units of production for conversion cost		units

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What are the costs assigned to the ending work in process inventory on March 31?

Costs assigned

$

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What are the costs assigned to units completed and transferred out during March?

Costs assigned to units completed and transferred out

$

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