Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials raw chocolate, milk, and suger) into the Blending Department. Al 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 March 31, 2016: ACCOUNT Work in Process Blending Department ACCOUNT NO Item Debit Credit Debit Credit 319.200 1 Bal 6.400 units, 2/5 completed 31 Direct materials, 256.000 units 31 Direct labor 31 Factory overhead 31 Goods transferred. 257.000 units 31 Bl. I units, 45 completed Required Blending Deatment f ount is when computing cost p e nt units found to two 1. Prepare a cost of production report, and Identify the amounts for work in Pro decimal places Venus Chocolate man Cost Production Report Detent For the End 11 2016 Units charged to production March 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"0when computing cost per equivalent units, round to two decimal places Venus Chocolate Company Cost of production Report Blending Department For the Month Ended March 2016 Unt Information Units charged to production Inventory in process, March 1 Received from materials toreroom Total units accounted for by the Blending Department Units to be assigned costs Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to Molding Department in March Inventory in process, March 31 Total units to be assigned costs Contemat Costs per equivalent unit: Corts per equivalent unit: Total costs for March in Blending Department Total equivalent units Cost per equivalent unit Costs charged to production: Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Beding D artment Cost allocated to completed and partially completed units Inventory in proces, March 1 balance To complete w ory is process March SO C ocopee March work process Started and completed in March in proces, March 31 Total costs nd by the blending Department 2. Assuming that the March 1 work in process inventory indudes $19,840 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to the nearest cent. Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit