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its Painting Department as follows: The Southshore Processing Company had work in process at the beginning and end of March 2017 (Click the icon to view the work-in-process information.) The company completed 30,000 units during March. Manufacturing costs incurred during March were direct materials costs of $200,000 and conversion costs of $300,000. Inventory at March 1 was carried at a $20,000 (direct materials-$10,000 and conversion costs-$10,000). Assuming Southshore uses weighted-average 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. 40,000 40,000 Equivalent units of work done to date Data Table Next, summarize the total costs to account for. Total Direct Conversion Production Costs Materials Costs Percentage of Completion Work in process, beginning 20,000 $ 10,000 $ 10,000 Conversion Direct 200,000 500,000 300,000 Costs added in current period Materials Costs 520,000 $ 210,000 $ 310.000 15% March 1 (3,400 units) 40% account for Total costs March 31 50% 50% (20,000 units) Enter any number in the edit fields and then click Check Answer. All parts showing Print Done Clear All Work in process beginning 3,400 46,600 Started during current period 50,000 To account for Completed and transferred out during current period 30,000 30,000 30,000 20,000 10,000 10,000 Work in process, ending 50,000 Accounted for 40,000 40,000 Equivalent units of work done to date nter any number in the edit fields and then click Check Answer. Conversion Direct Materials Costs 210,000 $ 310,000 Costs incurred to date 40,000 40,000 equivalent units of work done to date Divide by 5.25 $ 7.75 Cost per equivalent unit Production Costs Materials Costs Work in process, beginning 10,000 $ 20,000 $ 10,000 500,000 200,000 300,000 Costs added in current period 520,000 $ 210,000 $ 310,000 Total costs to account for Choose from any list or enter any number in the input fields and then click Check Answer. 46,600 Started during current period 50,000 To account for 30,000 30,000 30,000 Completed and transferred out during current period 20,000 10,000 10,000 Work in process, ending 50,000 Accounted for 40,000 40,000 Equivalent units of work done to date Choose from any list or enter any number in the input fields and then click Check Answer. The Southshore Processing Company had work in process at the beginning and end of March 2017 in its Painting Department as follows: (Click the icon to view the work-in-process information.) $200,000 and conversion costs of $300,000. Inventory at March 1 was carried at a The company completed 30,000 units during March. Manufacturing costs incurred during March were direct materials costs $20,000 (direct materials-$10,000 and conversion costs-$10,000). Assuming Southshore uses weighted-average costing, determine the equivalent units of wark done in March, and calculate the cost of units completed and the cost of units in ending inventory. 5.25 $ 7,75 Cost per equivalent unit -X i Data Table Finally, assign total costs to units completed (and transferred out) and to units ending work process Conversion Total Direct Production Costs Costs Percentage of Completion Materials Completed and transferred out Direct Conversion Materials Costs Work in process, ending 40% March 1 (3,400 units) 15% Total costs accounted for 50% 50% March 31 (20,000 units) click Check Answen nter any numbe the fields and
