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:

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
Unit Information
Units charged to production:
Inventory in process, October 1			fill in the blank 4ca4f405efb9006_1
Received from materials storeroom			fill in the blank 4ca4f405efb9006_2
Total units accounted for by the Blending Department			fill in the blank 4ca4f405efb9006_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, October 1	fill in the blank 4ca4f405efb9006_4	fill in the blank 4ca4f405efb9006_5	fill in the blank 4ca4f405efb9006_6
Started and completed in October	fill in the blank 4ca4f405efb9006_7	fill in the blank 4ca4f405efb9006_8	fill in the blank 4ca4f405efb9006_9
Transferred to Molding Department in October	fill in the blank 4ca4f405efb9006_10	fill in the blank 4ca4f405efb9006_11	fill in the blank 4ca4f405efb9006_12
Inventory in process, October 31	fill in the blank 4ca4f405efb9006_13	fill in the blank 4ca4f405efb9006_14	fill in the blank 4ca4f405efb9006_15
Total units to be assigned costs	fill in the blank 4ca4f405efb9006_16	fill in the blank 4ca4f405efb9006_17	fill in the blank 4ca4f405efb9006_18
Cost Information
Cost per equivalent unit:
		Direct Materials	Conversion
Total costs for October in Blending Department		$fill in the blank 4ca4f405efb9006_19	$fill in the blank 4ca4f405efb9006_20
Total equivalent units		fill in the blank 4ca4f405efb9006_21	fill in the blank 4ca4f405efb9006_22
Cost per equivalent unit		$fill in the blank 4ca4f405efb9006_23	$fill in the blank 4ca4f405efb9006_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, October 1			$fill in the blank 4ca4f405efb9006_25
Costs incurred in October			fill in the blank 4ca4f405efb9006_26
Total costs accounted for by the Blending Department			$fill in the blank 4ca4f405efb9006_27
Costs allocated to completed and partially completed units:
Inventory in process, October 1 balance			$fill in the blank 4ca4f405efb9006_28
To complete inventory in process, October 1		$fill in the blank 4ca4f405efb9006_29	fill in the blank 4ca4f405efb9006_30
Cost of completed October 1 work in process			$fill in the blank 4ca4f405efb9006_31
Started and completed in October	$fill in the blank 4ca4f405efb9006_32	fill in the blank 4ca4f405efb9006_33	fill in the blank 4ca4f405efb9006_34
Transferred to Molding Department in October			$fill in the blank 4ca4f405efb9006_35
Inventory in process, October 31	fill in the blank 4ca4f405efb9006_36	fill in the blank 4ca4f405efb9006_37	fill in the blank 4ca4f405efb9006_38
Total costs assigned by the Blending Department			$fill in the blank 4ca4f405efb9006_39

Feedback

1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. 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		$fill in the blank 7071a70ad066f95_2
Change in conversion cost per equivalent unit	Decrease	$fill in the blank 7071a70ad066f95_4