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The Sutton Processing Company had work in process at the beginning and end of March in its Painting Department as follows: E: (Click the icon
The Sutton Processing Company had work in process at the beginning and end of March in its Painting Department as follows: E: (Click the icon to view the work-in-process information.) The company completed 40,000 units during March. Manufacturing costs incurred during March were direct materials costs of $600,000 and conversion costs of $500,000. Inventory at March 1 was carried at a cost of $40,000 (direct materials$30,000 and conversion costs$10,000). Assuming Sutton 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. - X Data table rhysical Units Flow of Production Work in process, beginning Started during current period 20000 Percentage of Completion Direct Materials Conversion Costs 40% 20% 40000 60000 To account for March 1 (20,000 units) March 31 (20,000 units) 90% 20% Completed and transferred out during current period: From beginning work in process Started and completed 20000 40000 Print Done Work in process, ending 0 Accounted for Clear all Check
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