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help plz asap On March 1, the Mixing Department had 400 rolls of paper in process. During March, the Mixing Department completed the mixing process
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On March 1, the Mixing Department had 400 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 400 rolls and also started and completed the mixing process for an additional 4,400 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. Data Table Total Costs Direct Direct Manufacturing Materials Labor Overhead Allocated $ 250 $ 310 $ 210 $ 5,826 2,080 3,280 Beginning inventory, Mar. 1 Costs added during March 770 11,186 $ 6,076 $ 2,390 $ Total costs 3,490 $ 11,956 Requirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted average method (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used. EUP = equivalent units of production) Smith Paper, Co. Production Cost Report-Mixing Department Month Ended March 31 Equivalent Units Physical Direct UNITS Units Materials Costs Conversion Units to account for: Total units to account for Units accounted for Units accounted for: Total units accounted for Total Direct Materials Conversion Costs COSTS Costs Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Smith Paper Co. produces the paper used by wallpaper manufacturers. Costs accounted for: - The Mixing Department compiled the following data for March: Total costs accounted for Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin with the journal entry to record the assignment of direct materials to the Mixing Department. Do not record the assignment of direct labor or the allocation of manufacturing overhead with this entry. We will prepare those entries separately in the following steps Accounts Credit Mar 31 Date Debit Prepare the journal entry to record the assignment of direct labor to the Mixing Department. Assume labor costs are accrued and not yet paid. - The Mixing Department compiled the following data for March: Prepare the journal entry to record the assignment of direct labor to the Mixing Department. Assume labor costs are accrued and not yet paid. RE Date Accounts Debit Mar 31 Credit Prepare the journal entry for the allocation of manufacturing overhead to the Mixing Department Date Accounts Debit Credit Mar 31 Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department Prepare the journal entry for the allocation of manufacturing overhead to the Mixing Department. Date Accounts Debit Credit Mar. 31 Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department. Date Accounts Debit Credit Mar. 31 Step by Step Solution
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