Question
Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All
Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Molding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at October 31:
ACCOUNT Work in ProcessBlending Department | ACCOUNT NO. | |||||||
Date | Item | Debit | Credit | Balance | ||||
Debit | Credit | |||||||
Oct. | 1 | Bal., 2,300 units, 3/5 completed | 46,368 | |||||
31 | Direct materials, 26,000 units | 429,000 | 475,368 | |||||
31 | Direct labor | 100,560 | 575,928 | |||||
31 | Factory overhead | 48,480 | 624,408 | |||||
31 | Goods transferred, 25,700 units | ? | ||||||
31 | Bal., ? units, 1/5 completed | ? |
Required:
Question Content Area
1. Prepare a cost of production report, and identify the missing amounts for Work in ProcessBlending Department. If an amount is zero enter "0". If required, round your cost per equivalent unit answers to the nearest cent.
Bavarian Chocolate Company
Cost of Production Report-Blending Department
For the Month Ended October 31
Units charged to production: | Number of Units |
---|---|
Inventory in process, October 1 | fill in the blank 886b07014079f84_1 |
Received from materials storeroom | fill in the blank 886b07014079f84_2 |
Total units accounted for by the Blending Department | fill in the blank 886b07014079f84_3 |
Units to be assigned costs: | Equivalent Units | ||
---|---|---|---|
Whole Units | Direct Materials | Conversion | |
Inventory in process, October 1 | fill in the blank 886b07014079f84_4 | fill in the blank 886b07014079f84_5 | fill in the blank 886b07014079f84_6 |
Started and completed in October | fill in the blank 886b07014079f84_7 | fill in the blank 886b07014079f84_8 | fill in the blank 886b07014079f84_9 |
Transferred to Molding Department in October | fill in the blank 886b07014079f84_10 | fill in the blank 886b07014079f84_11 | fill in the blank 886b07014079f84_12 |
Inventory in process, October 31 | fill in the blank 886b07014079f84_13 | fill in the blank 886b07014079f84_14 | fill in the blank 886b07014079f84_15 |
Total units to be assigned costs | fill in the blank 886b07014079f84_16 | fill in the blank 886b07014079f84_17 | fill in the blank 886b07014079f84_18 |
Cost per equivalent unit: | Direct Materials | Conversion | |
Total costs for October in Blending Department | $fill in the blank 886b07014079f84_19 | $fill in the blank 886b07014079f84_20 | |
Total equivalent units | fill in the blank 886b07014079f84_21 | fill in the blank 886b07014079f84_22 | |
Cost per equivalent unit | $fill in the blank 886b07014079f84_23 | $fill in the blank 886b07014079f84_24 | |
Costs assigned to production: | |||
Direct Materials | Conversion | Total | |
Inventory in process, October 1 | $fill in the blank 886b07014079f84_25 | ||
Costs incurred in October | fill in the blank 886b07014079f84_26 | ||
Total costs accounted for by the Blending Department | $fill in the blank 886b07014079f84_27 | ||
Costs allocated to completed and partially completed units: | |||
Inventory in process, October 1 balance | $fill in the blank 886b07014079f84_28 | ||
To complete inventory in process, October 1 | $fill in the blank 886b07014079f84_29 | fill in the blank 886b07014079f84_30 | |
Cost of completed October 1 work in process | $fill in the blank 886b07014079f84_31 | ||
Started and completed in October | $fill in the blank 886b07014079f84_32 | fill in the blank 886b07014079f84_33 | fill in the blank 886b07014079f84_34 |
Transferred to Molding Department in October | $fill in the blank 886b07014079f84_35 | ||
Inventory in process, October 31 | fill in the blank 886b07014079f84_36 | fill in the blank 886b07014079f84_37 | fill in the blank 886b07014079f84_38 |
Total costs assigned by the Blending Department | $fill in the blank 886b07014079f84_39 |
Question Content Area
2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October. If required, round your answers to two decimal places.
Increase or Decrease | Amount | |
Change in direct materials cost per equivalent unit | DecreaseIncrease | $fill in the blank 799fb0043069f91_2 |
Change in conversion cost per equivalent unit | DecreaseIncrease
|
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