Units Percentage completed costs

Beginning WIP inventory, March............22,000

Direct materials.............................. 75% $22,360

Conversion costs............................ 70 27,440

Units started in March........................12,000

Costs incurred in March:

Direct materials............................. 17,000

Conversion costs........................... 16,800

Ending WIP inventory........................6,000

Direct materials............................ 80

Conversion costs.......................... 60

Use weighted-average process costing to

a. prepare a production cost report.

b. show the journal entry to transfer costs from WIP Inventory to Finished Goods Inventory.