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Hello I posted a question about seven hours ago and the question remains unanswered. Can anyone assist. The question was The Shalton Processing Company had

Hello I posted a question about seven hours ago and the question remains unanswered. Can anyone assist. The question was

The Shalton Processing Company had work in process at the beginning and end of March 2017 in its Painting Department asfollows:

Percentage of Completion Direct Materials Conversion Costs

March 1 (10,000 units) 40% 20%

March 31 (10,000 units) 90% 20%

The company completed 100,000 units during March. Manufacturing costs incurred during March were direct materials costs of $210,000 and conversion costs of

$300,000. Inventory at March 1 was carried at a cost of $40,000(direct materials$30,000 and conversion costs$10,000). Assuming Shalton

uses FIFO costing, determine the equivalent units of work done in March, and calculate the cost of units completed and the cost of units in ending inventory.

Begin by entering the physical units in first, then calculate the equivalent units.

Physical Direct Conversion

Units Materials Costs

Flow of Production

Work in process, beginning _______

Started during current period _______

To account for _______

Completed and transferred out during current period:

From beginning work in process _______ ______ ______

Started and completed _______ ______ ______

Work in process, ending _______ ______ ______

Accounted for ________

Equivalent units of work done in current period _______ _______

Next, summarize the total costs to account for.

Total Direct Conversion

Production Materials Costs Costs

Costs

________________ __________ ___________ ________

________________ __________ ____________ _________

Total costs to account for __________ ____________ __________

Now calculate cost per equivalent unit for direct materials and conversion costs.

Direct Materials Conversion Costs

_______________________ _____________ ______________

Divide by _______________ _____________ ______________

Cost per equivalent unit _____________ ______________

Finally, assign total costs to units completed (and transferred out) and to units in ending work in process (WIP). Begin by calculating the total from beginning inventory, then calculate the total costs accounted for.

Total Production Costs Direct Materials Conversion Costs

Completed and transferred out

_________________________ ________________ ______________ ______________

_________________________ ________________ ______________ ______________

Total from beginning inventory ______________

_________________________ _______________ ______________ _____________

Total costs of units completed and transferred out ______________

________________________ ______________ ______________ _____________

Total costs accounted for ______________ ______________ _____________

Please show all work.

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