Cost of Production Report Venus 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 March 31, 2014: ACCOUNT Work in Process-Blending Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 7,400 units, 4/5 completed 31 Direct materials, 296,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 297,000 units 31 Bal., 2 units, 3/5 completed 28,268 975,468 1,164,168 1,211,404 947,200 188,700 47,236 Required Hide 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, enter "0". When computing cost perequivalent units, round to two decimal places. Venus Chocolate Company Cost of Production Report-Blending Department For the Month Ended March 31, 2014 Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Blending Department