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. Alter 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 Balance Date Item Debit Credit Debit Credit Mar. 304.152 1 Bal.. 5,700 units, 2/5 completed 31 Direct materials, 228,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 229,000 units 31 Bal., 2 units, 4/5 completed 296,400 55,300 13,844 359,452 373,296 Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process --Bidding Department. If an amount is zero, enter"0". When computing cost per equivalent units, round to two decimal places. Trupul MLS TUI WOPR In Process-Blending Department. If an amount LULU PUUULLUT TUL, Ulu leluy ule 11151 Venus Chocolate Company Cost of Production Report-Blending Department For the Month Ended March 31, 2016 Unit Information Units charged to production: Inventory in process, March 1 Received from materials storeroom 5,700 228,000 233,700 Total units accounted for by the Blending Department Units to be assigned costs: Equivalent Units Direct Materials Conversion Whole Units Inventory in process, March 1 5,700 0 3 ,420 Started and completed in March Transferred to Molding Department in March Inventory in process, March 31 Total units to be assigned costs Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for March in Blending Department Total costs for March in Blending Department Total equivalent units Cost per equivalent unit Costs charged to production: Direct Mate Conversion Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Blending Department Cost allocated to completed and partially completed units Inventory in process, March 1 balance To complete wivestory in March 1 Cost of completed March 1 work in process Started and completed in March Transferred to Molding Department in March Inventory in process, March 31 Total costs assed by the ending Department 2. Assuming that the March 1 work in process inventory includes $6,540 of direct material dete required, round your awers to the nearest cent. t or decrease in the cost per co n tunt for direct materials and conversion between February and March Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit