Cobalt Waxen manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to view the additional information.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Cobalt Waxen general ledger included the following account: (Click the icon to view the account.) Read the requirements Requirement 1. Prepare a production cost report for the Mixing Department for March. 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 cost per unit amounts to four decimal places. Abbreviations used: EUP = equivalent units of production; WIP = work-in-process.) Data Table Cobalt Waxen Production Cost Report - Mixing Department Month Ended March 31 Work-in-Process Inventory-Mixing Equivalent Units Balance, Mar. 1 Physical Direct Conversion Direct materials 15,000 UNITS Units Materials Costs Direct labor 20,490 Units to account for: Manufacturing overhead 26,550 27,200 More Info Print Done Total units to account for Units accounted for: Transferred to Molding Department 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 1,100 batches of crayons that were 20% of the way through the production process. The beginning balance in Work-in-Process InventoryMixing was $27,200, which consisted of $10,800 in direct materials costs and $16,400 in conversion costs. During March, 3,000 batches were started in production. The Mixing Department transferred 2,800 batches to the Molding Department in March, and 1,300 were still in process on March 31. This ending inventory was 60% of the way through the mixing process. Cobalt Waxen uses FIFO process costing. Total units accounted for Choose from any list or enter any number in the input fields and then continue to the next question. ? Direct Conversion Total Cost per Unit COSTS Materials Costs Costs Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs for beginning WIP Transferred to Mixing Department Total costs accounted for Requirement 2. Journalize all transactions affecting the Mixing Department during March, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. Begin with a summary journal entry to record the assignment of direct materials and direct labor costs, 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 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 Match the following terms to their definitions. (Match each definition with the letter of its corresponding term. Abbreviation used: EUP=equivalent units of production.) (Click on the icon to view the definitions.) Definitions 1. Direct labor plus manufacturing overhead 2. Prepared by department for EUP, production costs, and assignment of costs 3. Equivalent units of production 4. Process costing system 5. Transferred in costs 6. Weighted average method a. b. C. Expresses partially completed units in terms of fully completed units Used by companies that manufacture homogenous products Previous costs brought into later process Conversion costs Combines prior period costs with current period costs Production cost report d e f. Print Done