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The Sheron Processing Company had work in process at the beginning and end of March 2020 in its Painting Department as follows: (Click the
The Sheron Processing Company had work in process at the beginning and end of March 2020 in its Painting Department as follows: (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 celed at a cost of $25,000 (direct materials, $5,000 and conversion costs, $20,000) Assuming Sheron uses weighted average conting, determine the equivalent units of work done in March, and calculate the cost of units completed and the cost of units in ending inventory Physical Direct Flow of Production Units Materials Equivalent Units Conversion Costs Data table Work in process beginning Stated daing ouret period To account for Completed and transfered out during current period Work in process, ending Accounted for Percentage of Completion Direct Materials Conversion Costs March 1 (4,600 units) March 31 (50,000 units) 35% 12% 46% 20% Print Done - X aining: 0037.45 Next
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