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 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. 1 Bal., 2,300 units, 3/5 completed 46,368 429,000 100,560 48,480 475,368 575,928 624,408 31 Direct materials, 26,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 25,700 units 31 Bal., ? 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 "O". 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 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 2,300 0 920 23,400 23,400 23,400 Inventory in process, October 1 Started and completed in October Transferred to Molding Department in October- Inventory in process, October 31 25,700 23,400 24,320 2,600 2,600 520 28,300 Total units to be assigned costs 26,000 24,840 Cost Information Costs per equivalent unit: Conversion Direct Materials 429,000 $ 26,000 $ 149,040 Total costs for October in Blending Department Total equivalent units 24.840 Cost per equivalent unit 16.5$ 6 Costs charged to production: Direct Materials Conversion Total Inventory in process, October 1 $ 46,368 Costs incurred in October 578,040 624,408 $ 46,368 Total costs accounted for by the Blending Department Cost 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 5.520 5,520 51.888 386,100 10,400 10,400 x 526,500 $ 578,388 Inventory in process, October 31 42,900 3,120 46,020 Total costs assigned by the Blending Department 624,408 Feedback Check My Work 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion cost. Calculate the costs assigned to the beginning inventory, the units started and completed, and the ending inventory. 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 Increase X Change in conversion cost per equivalent unit Decrease X $