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Allen Paper Co. produces the paper used by wallpaper manufacturers. Allen's four-stage process includes mixing, cooking, rolling, and cutting. The Mixing Department compiled the following
Allen Paper Co. produces the paper used by wallpaper manufacturers. Allen's four-stage process includes mixing, cooking, rolling, and cutting. The Mixing Department compiled the following data for March: i (Click the icon to view additional information.) (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Mixing Department beginning work in process of 400 units is 80% complete as to both direct materials and conversion costs. Round equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar. (Complete all input fields. Enter a "0" for any zero balances. Round equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar. Abbreviations used: EUP = equivalent units of production; WIP = work-in-process.) Allen Paper, Co. Production Cost Report - Mixing Department Month Ended March 31 - X Equivalent Units More info Physical Direct Conversion UNITS Units Materials Costs On March 1, the Mixing Department had 400 rolls of paper in process. During - X Units to account for: March, the Mixing Department completed the mixing process for those 400 rolls Data table and also started and completed the mixing process for an additional 4, 100 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 Direct Direct Manufacturing Total are incurred evenly throughout the mixing process. Materials Labor Overhead Allocated Costs Total units to account for Beginning inventory, Mar. 1 $ 475 $ 275 $ 300 $ 1,050 Costs added during March 5.045 2,900 2,965 10.910 Units accounted for: $ 5,520 $ 3, 175 $ 3,265 $ 11,960 Print Done Total costs Transferred to Cooking Print Done Total units accounted for
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