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	Balance Credit
October 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 ReportBlending Department For the Month Ended March 31

Units	Whole Units	Equivalent Units Direct Materials	Equivalent Units Conversion
Units charged to production:
Inventory in process, October 1	fill in the blank 1
Received from materials storeroom	fill in the blank 2
Total units accounted for by the Blending Department	fill in the blank 3
Units to be assigned costs:
Inventory in process, October 1	fill in the blank 4	fill in the blank 5	fill in the blank 6
Started and completed in October	fill in the blank 7	fill in the blank 8	fill in the blank 9
Transferred to Molding Department in October	fill in the blank 10	fill in the blank 11	fill in the blank 12
Inventory in process, October 31	fill in the blank 13	fill in the blank 14	fill in the blank 15
Total units to be assigned costs	fill in the blank 16	fill in the blank 17	fill in the blank 18

Costs

Costs	Direct Materials	Conversion	Total
Cost per equivalent unit:
Total costs for October in Blending Department	$fill in the blank 19	$fill in the blank 20
Total equivalent units	fill in the blank 21	fill in the blank 22
Cost per equivalent unit	$fill in the blank 23	$fill in the blank 24
Costs assigned to production:
Inventory in process, October 1			$fill in the blank 25
Costs incurred in October			fill in the blank 26
Total costs accounted for by the Blending Department			$fill in the blank 27
Costs allocated to completed and partially completed units:
Inventory in process, October 1 balance			$fill in the blank 28
To complete inventory in process, October 1		$fill in the blank 29	fill in the blank 30
Cost of completed October 1 work in process			$fill in the blank 31
Started and completed in October	fill in the blank 32	fill in the blank 33	fill in the blank 34
Transferred to Molding Department in October			$fill in the blank 35
Inventory in process, October 31	fill in the blank 36	fill in the blank 37	fill in the blank 38
Total costs assigned by the Blending Department			$fill in the blank 39

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.

Line Item Description	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit	DecreaseIncrease	$fill in the blank 41
Change in conversion cost per equivalent unit	DecreaseIncrease	$fill in the blank 43