Check My Work 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. Calcula the costs assigned to the beginning inventory, the units started and completed, and the ending Inventory Learning Objective 2. Learning Objective 4. 2. Assuming that the March 1 work in process inventory includes $10,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase X Change in conversion cost per equivalent unit Decrease X Ferd Check My Work 2. Compare the costs per equivalent unit for February and March. The costs per equivalent unit for materials and conversion for February are in the ALL. The Check My Work 1 more Check My Work uses remaining, Next All work saved. Email Instructor Submit Assignment for Grading @ 150% 12: 2020/ d a25 M gageBrain - Login or Reg. CengageNOW2 Online L.* Calculators Cost of Production Report Venus 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 March 31, 2016: ACCOUNT Work in Process-Blending Department ACCOUNT NO. Balance Date Debit Credit Debit Credit Mar 436,300 449,696 82,600 532,296 1 Bal, 5.200 units, 4/5 completed 31 Direct materials, 203,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 209,000 units 31 Bal., 2 units, 2/5 completed Required: 20,660 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, enter "O". When computing cost per equivalent units, round to two decimal places. DELL 4 5 5 6 Check My Work 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. Calcula the costs assigned to the beginning inventory, the units started and completed, and the ending Inventory Learning Objective 2. Learning Objective 4. 2. Assuming that the March 1 work in process inventory includes $10,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase X Change in conversion cost per equivalent unit Decrease X Ferd Check My Work 2. Compare the costs per equivalent unit for February and March. The costs per equivalent unit for materials and conversion for February are in the ALL. The Check My Work 1 more Check My Work uses remaining, Next All work saved. Email Instructor Submit Assignment for Grading @ 150% 12: 2020/ d a25 M gageBrain - Login or Reg. CengageNOW2 Online L.* Calculators Cost of Production Report Venus 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 March 31, 2016: ACCOUNT Work in Process-Blending Department ACCOUNT NO. Balance Date Debit Credit Debit Credit Mar 436,300 449,696 82,600 532,296 1 Bal, 5.200 units, 4/5 completed 31 Direct materials, 203,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 209,000 units 31 Bal., 2 units, 2/5 completed Required: 20,660 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, enter "O". When computing cost per equivalent units, round to two decimal places. DELL 4 5 5 6
