1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average method. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Direct Direct Materials Labor Manufacturing Overhead Allocated Total Costs Beginning inventory, Mar. 1 $ 340 $ 310 $ 210 $ 860 Costs added during March 5,060 3,205 3,250 11,515 $ 5,400 $ 3,515 $ 3,460 $ 12,375 Total costs On March 1, the Mixing Department had 200 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 200 rolls and also started and completed the mixing process for an additional 4,200 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. 16. Lee Paper Co. produces the paper used by wallpaper manufacturers. Lee's four-stage process includes mixing, cooking, rolling, and cutting. 1(Click the icon to view additional information.) The Mixing Department compiled the following data for March: 2(Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) Lee Paper, Co. Production Cost Report-Mixing Department Month Ended March 31 1 of 5 Equivalent Units UNITS Physical Units Direct Materials Conversion Costs Units to account for: (1) (2) Total units to account for Units accounted for: (3) (4) Total units accounted for COSTS Costs to account for: (5) (6) Total costs to account for (7) Cost per equivalent unit Costs accounted for: (8) (9) Direct Materials Conversion Costs Total Costs Total costs accounted for Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. (Record debits first, then credits. Exclude explanations from any journal entries.) 1/31/2021, 12:03 PM Begin with the journal entry to record the assignment of direct materials to the Mixing Department. Do not record the assignment of direct labor or the allocation of manufacturing overhead with this entry. We will prepare those entries separately in the following steps. Date Mar. 31 (10) (11) Accounts Debit Credit (12) (13) Prepare the journal entry to record the assignment of direct labor to the Mixing Department. Assume labor costs are accrued and not yet paid. Date Mar. 31 (14) (15) (16) (17) Accounts Debit Credit Prepare the journal entry for the allocation of manufacturing overhead to the Mixing Department. Date Mar. 31 (18) (19) (20) (21) Accounts Debit Credit Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department. Date Mar. 31 (22) (23) (24) (25) Accounts Debit Credit 1: More Info On March 1, the Mixing Department had 200 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 200 rolls and also started and completed the mixing process for an additional 4,200 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. 2. Data Table Tagielette Hudson https://xlitemprod.pearsoncmg.com/api/v1/print/accountin Direct Direct Manufacturing Total Materials Labor Overhead Allocated Costs Beginning inventory, Mar. 1 $ 340 $ 310 $ 210 $ 860 5,060 3,205 3,250 11,515 Costs added during March $ 5,400 $ 3,515 $ 3,460 $ 12,375 Total costs 3: Requirements 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average method. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid