Riley's Paper Company manufactures computer paper for laser printers. The following information is related to production costs incurred in the manufacturing process during the month of March:

The company uses the FIFO method of computing equivalent units and assigning product costs. Production costs include both the cost of raw materials and conversion costs that are incurred uniformly in the production process.

A. How many reams of paper were completed in March?

B. Of the reams of paper completed in March, how many were started and completed during the month?

C. How many equivalent finished units did the company complete in March?

D. What is the cost per equivalent unit? E. Calculate the cost of the ending work in process inventory and the cost of goods manufactured in March.

	Reams of Paper	Production Costs
Beginning work in process (40% complete)	35,000	$ 89,170
Current-period production	93,000	394,830
Ending work in process (65% complete)	20,000