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 ProcessBlending Department	ACCOUNT NO.
Date	Item	Debit	Credit	Balance
Debit	Credit
Oct.	1	Bal., 2,300 units, 3/5 completed				46,368
	31	Direct materials, 26,000 units	429,000			475,368
	31	Direct labor	100,560			575,928
	31	Factory overhead	48,480			624,408
	31	Goods transferred, 25,700 units			?
	31	Bal., ? units, 1/5 completed				?

Required:

Question Content Area

1. Prepare a cost of production report, and identify the missing amounts for Work in ProcessBlending 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

Units charged to production:	Number of Units
Inventory in process, October 1	fill in the blank 886b07014079f84_1
Received from materials storeroom	fill in the blank 886b07014079f84_2
Total units accounted for by the Blending Department	fill in the blank 886b07014079f84_3

Units to be assigned costs:	Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, October 1	fill in the blank 886b07014079f84_4	fill in the blank 886b07014079f84_5	fill in the blank 886b07014079f84_6
Started and completed in October	fill in the blank 886b07014079f84_7	fill in the blank 886b07014079f84_8	fill in the blank 886b07014079f84_9
Transferred to Molding Department in October	fill in the blank 886b07014079f84_10	fill in the blank 886b07014079f84_11	fill in the blank 886b07014079f84_12
Inventory in process, October 31	fill in the blank 886b07014079f84_13	fill in the blank 886b07014079f84_14	fill in the blank 886b07014079f84_15
Total units to be assigned costs	fill in the blank 886b07014079f84_16	fill in the blank 886b07014079f84_17	fill in the blank 886b07014079f84_18

Cost per equivalent unit:	Direct Materials	Conversion
Total costs for October in Blending Department	$fill in the blank 886b07014079f84_19	$fill in the blank 886b07014079f84_20
Total equivalent units	fill in the blank 886b07014079f84_21	fill in the blank 886b07014079f84_22
Cost per equivalent unit	$fill in the blank 886b07014079f84_23	$fill in the blank 886b07014079f84_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, October 1			$fill in the blank 886b07014079f84_25
Costs incurred in October			fill in the blank 886b07014079f84_26
Total costs accounted for by the Blending Department			$fill in the blank 886b07014079f84_27
Costs allocated to completed and partially completed units:
Inventory in process, October 1 balance			$fill in the blank 886b07014079f84_28
To complete inventory in process, October 1		$fill in the blank 886b07014079f84_29	fill in the blank 886b07014079f84_30
Cost of completed October 1 work in process			$fill in the blank 886b07014079f84_31
Started and completed in October	$fill in the blank 886b07014079f84_32	fill in the blank 886b07014079f84_33	fill in the blank 886b07014079f84_34
Transferred to Molding Department in October			$fill in the blank 886b07014079f84_35
Inventory in process, October 31	fill in the blank 886b07014079f84_36	fill in the blank 886b07014079f84_37	fill in the blank 886b07014079f84_38
Total costs assigned by the Blending Department			$fill in the blank 886b07014079f84_39

Question Content Area

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	DecreaseIncrease	$fill in the blank 799fb0043069f91_2
Change in conversion cost per equivalent unit	DecreaseIncrease	$fill in the blank 799fb0043069f91_4