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Allen Paper Co. produces the paper used by wallpaper manufacturers. Allen's four-stage process includes mixing, cooking, rolling, and cutting. The Mixing Department compiled the following data for March: E(Click the icon to view the data.) (Click the icon to view additional information.) 1 Requirements Requirement 1. Prepare a production cost report for the Mixing Department for March. The compa other amounts to the nearest whole dollar. Abbreviation used: EUP equivalent units of production nd a 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average method. Allen Paper, Co. 2. Journalize all transactions affecting the company's mixing process during March, Assume labor costs are accrued and not yet paid. Production Cost Report-Mixing Department Month Ended March 31 Equivalent Units Data Table Physical Direct Conversion Costs UNITS Units Materials Units to account for: Manufacturing Direct Direct Total Overhead Allocated Materials Labor Costs Beginning inventory, Mar. 1 $ 420 110 150 680 5,160 3,210 3,280 11,650 Total units to account for Costs added during March 5.580 3,320 $ 3,430 $ 12,330 Total costs Units accounted for: i More Info Total units accounted for On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 550 rolls and also started and completed the mixing process for an additional 3,850 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect both direct materials Choose from any list or enter any number the input fields and then click Check Answer and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. parts remaining pts P18-33A (similar to) Reed Paper Co. produces the paper used by wallpaper manufacturers. Reed's four-stage proces mixing, cooking, rolling, and cutting. (Click the ioon to view additional information.) UNITS Units Materials Costs Units to account for Beginning work-in-process 150 Started in production 4,750 4,900 Total units to account for Units accounted for Completed and transferred out 4,300 4,300 4,300 600 Ending work-in-process 120 120 4,900 4420 4,420 Total units accounted for Direct Conversion COSTS Materials Costs Costs to account for: Beginning work-in-process Costs added during the period 545 $ 420 $ 4,884 6,969 Total costs to account for 5,304 7,514 $ 4,420 4420 Divided by: Total EUP 1.20 S 1.70 Cost per equivalent unit Costs accounted for Completed and transferred out 7,310 $ 5,160 $ Choose from any list or enter any number in the input flelds and then click Check Answer All parts showing Homework: C18 GRADED Homework 1 of 2 (1 c Score: 8.18 of 50 pts Tou unonurou.wouu P18-33A (similar to) Get answer feedback Reed Paper Co. produces the paper used by wallpaper manufacturers. Reed's four-stage process includes mixing, cooking, rolling, and cutting. i (Click the icon to view additional information.) 4,420 4,420 Divided by: Total EUP 1.20 $ S 1.70 Cost per equivalent unit Costs accounted for: 7,310 $ 5,160 $ Completed and transferred out 12,470 204 348 144 Ending work-in-process 5.304 $ 7,514 $ 12,818 Total costs accounted for Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor Begin with a summary journal entry to record the assignment of direct materials, direct labor, and the allocation first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Work-in-Process Inventory-Mixing Mar. 31 11,853 Raw Materials Inventory 4,884 Wages Payable 3,329 Manufacturing Overhead 3,640 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 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear
