Surf Products Company uses an automated process to clean and polish its souvenir items.Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.The following data pertain to March. 
Required:
Using the first-in, first-out method determine the assignment of costs to units transferred-out and ending inventory.
Definitions:
Bureaucratic Structure
An organizational structure characterized by strict rules, a hierarchy of authority, and a clear division of labor.
Going Rate
The current standard price or wage rate for goods, services, or labor in a particular market or industry.
Insurance Policy
A contract between an insurance company and a policyholder that outlines the terms and conditions under which the insurer agrees to compensate the insured for specific losses.
High Deductible
A health insurance plan feature requiring a higher out-of-pocket payment before insurance coverage begins.
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