Birch Paper Co. produces the paper used by wallpaper manufacturers. Birch's four-stage process includes mixing, cooking, rolling, and cu Previous question (Click the icon to view additional information.) The Mixing Department compiled the following data for March: (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 500 units is 30% 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.) More info Birch Paper, Co. Production Cost Report - Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS On March 1, the Mixing Department had 500 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 500 rolls and also started and completed the mixing process for an additional 3,900 rolls of paper. The department started but did not finish the mixing process for an additional 600 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. Units to account for: Total units to account for Data table Units accounted for: Direct Materials Direct Labor Manufacturing Total Overhead Allocated Costs 230 $ 760 3,120 13.252 $ Beginning inventory, Mar. 1 80 $ Transferred to Cooking 450 $ 5,200 4.932 Costs added during March $ 5,650 $ 5,012 $ 3,350 $ 14,012 Total costs Total units accounted for Direct Conversion Total Cost Requirements Materials Costs Costs per Unit COSTS Costs to account for: Total costs to account for 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Mixing Department beginning work in process of 500 units is 30% 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. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. - More info Data table Cost per equivalent unit Costs accounted for: On March 1, the Mixing Department had 500 rolls of paper in proces March, the Mixing Department completed the mixing process for thos and also started and completed the mixing process for an additional paper. The department started but did not finish the mixing process f additional 600 rolls, which were 20% complete with respect to both d and conversion work at the end of March. Direct materials and conve are incurred evenly throughout the mixing process. Direct Direct Manufacturing Total Materials Labor Overhead Allocated Costs $ 450 $ 80 $ 230 $ 760 5,200 4.932 3,120 13.252 Beginning inventory, Mar. 1 Costs added during March $ 5,650 $ 5,012 $ 3,350 $ 14,012 Total costs Total costs for beginning WIP Transferred to Cooking Print Done Print Done 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. Begin with a summary journal entry to record the assignment of costs for direct materials and direct labor, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Mar. 31 Requirements units Prepare the journal entry to record the cost of the units transferred out of the Mixing Department 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Mixing Department beginning work in process of 500 30% 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. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Date Accounts Debit Credit Mar. 31 Print Done