Cost of Production Report 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 Process-Blending Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Oct. 46,368 1 Bal., 2,300 units, 3/5 completed 31 Direct materials, 26,000 units 475,368 429,000 100,560 31 Direct labor 575,928 48,480 624,408 31 Factory overhead 31 Goods transferred, 25,700 units 31 Bal., 2 units, 1/5 completed ? ? Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending 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 Check My Work eBook Calculator Print item For the Month Ended October 31 Unit Information Units charged to production: Inventory in process, October 1 2,300 Received from materials storeroom 26,000 28,300 Total units accounted for by the Blending Department Units to be assigned costs: Equivalent Units Direct Conversion Materials Whole Units Inventory in process, October 1 2,300 0 920 Started and completed in October 23,400 23,400 23,400 25,700 23,400 24,320 Transferred to Molding Department in October Inventory in process, October 31 2,600 2,600 520 28,300 24,810 26,000 Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion 429,000 VS 149,010 Total costs for October in Blending Department Check My Work eBook Calculator Print Item Materials Conversion Total costs for October in Blending Department 429,000 $149,040 Total equivalent units 26,000 24,840 16.50 6.00 Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total 46,368 578,010 624,408 Inventory in process, October 1 Costs incurred in October Total costs accounted for by the Blending Department Costs allocated to completed and partially completed units: Inventory in process, October 1 balance To complete inventory in process, October 1 Cost of completed October 1 work in process Started and completed in October Transferred to Molding Department in October $ 46,368 5,520 5,520 $ 51,888 386,100 140,400 526,500 578,388 Inventory in process, October 31 42,900 3,120 46,020 S 624,408 Total costs assigned by the Blending Department Check My Work Feedback 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 Decrease Change in conversion cost per equivalent unit Increase Feedback Check My Work
