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Answer please Question Help O Technicolor manufactures creyone in a three-step proc888: mising molding and packaging. Click the in to view the accitional information At
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Question Help O Technicolor manufactures creyone in a three-step proc888: mising molding and packaging. Click the in to view the accitional information At March 31, before recording the transfer of crets from the Mixing Department to the Molding Department the Technicolor general ledger induced the following court Click the icon w view the count.) Raad the mouiramants. desimal places. Abbreviations used: EU =quivalent units of produto WIP work in Rivale unit of production on to four decirl claras. Round al other costs to the real whole dalar (Complete al input fields. Enter a forary uro balances. Round cost per unit amounts to four Requirement 1. Prepare a production cost report for the Mixing Department for arch. Technicolor Production Cost Report - Mixing Department Manth Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Unils to uwount for II Total unts to count for Units accured for: Transferred to Molding Department Tocal unite accounted for Direct Conversion Total Cast COSTS Materials Costa Costes per Unit Cos lo count for: Total costs to account for 1 II Cast par equivalent unit Cosx accounted for Total costs for beginning WIP Transferred to Mixing Department Total ansis arcounted for Requirement 2. Journaltze al transactions affecting the Mixing Department curing Manch. Including the entries that have arrady boon poated. Assume labor posts are ancrund and not yet paid. Begin with a summary journal entry to record the assignment of direct materials and direct later costs, and the allocation of manufacturing overhead to the Mixing Deparimert. Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from cual entries.) Date Accounts Debit Credit Mar. 31 Prepare the journal entry to record the cost of the units (crayons) completed and transferred out of the Mixing Department. Date Accounts Debit Credit Mar. 31 Choose from any list or enter any number in the input fields and then continue to the next question. More Info The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process. Work in process of the Mixing Department on March 1, 2018, consisted of 1,000 batches of crayons that were 20% of the way through the production process. The beginning balance in Work-in-Process InventoryMixing was $31,000, which consisted of $11,500 in direct materials costs and $19,500 in conversion costs. During March, 3,600 batches were started in production. The Mixing Department transferred 3,400 batches to the Molding Department in March, and 1,200 were still in process on March 31. This ending inventory was 40% of the way through the mixing process. Technicolor uses FIFO process costing. Print Done Data Table Work-in-Process InventoryMixing Balance, Mar. 1 31,000 Direct materials 36,000 Direct labor 27,960 Manufacturing overhead 34,600 Print Done
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