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I ONLY HAVE 30 MINUTES LEFT SOMEONE PLEASE ANSWER THIS Samson Paper Co. produces the paper used by wallpaper manufacturers. Samson's four-stage process includes mixing,
I ONLY HAVE 30 MINUTES LEFT SOMEONE PLEASE ANSWER THIS
Samson Paper Co. produces the paper used by wallpaper manufacturers. Samson's four-stage process includes mixing, cooking, rolling, and cutting. (Click the icon to view additional information.) The Mixing Department compiled the following data for March: E: (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Mixing Department beginning work in process of 550 units is 30% complete as to both direct materials and conversion costs. Round equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar. (Complete all answer boxes. Enter a "0" for any zero balances. Round equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar. Abbreviations used: EUP = equivalent units of production; WIP = work-in-process.) Samson Paper, Co. Production Cost Report - Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs x More Info UNITS Units to account 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 4,450 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. Total units to account for Units accounted for: Print Done Transferred to Cooking Total units accounted for Direct Conversion Total Cost COSTS Materials Costs Costs per Unit Costs to account for: Choose from any list or enter any number in the input fields and then continue to the next question. Samson Paper Co. produces the paper used by wallpaper manufacturers. Samson's four-stage process includes mixing, cooking, rolling, and cutting. (Click the icon to view additional information.) The Mixing Department compiled the following data for March: (Click the icon to view the data.) Read the requirements Total units accounted for Direct Conversion Total Cost Data Table -X COSTS Materials Costs Costs per Unit Costs to account for: Direct Direct Total Manufacturing Overhead Allocated Materials Labor Costs Total costs to account for $ 20 $ $ 600 Beginning inventory, Mar. 1 $ Costs added during March Total costs $ 340 6,290 240 3,410 4,745 14,445 6,630 4,765 $ 3,650 $ 15,045 Cost per equivalent unit Costs accounted for. Print Done Total costs for beginning WIP Transferred to Cooking 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. Begin with a summary journal entry to record the assignment of costs for direct materials and direct labor, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from journal entries.) Choose from any list or enter any number in the input fields and then continue to the next question. Samson Paper Co. produces the paper used by wallpaper manufacturers. Samson's four-stage process includes mixing, cooking, rolling, and cutting. i (Click the icon to view additional information.) The Mixing Department compiled the following data for March: (Click the icon to view the data.) Read the requirements Cost per equivalent unit Costs accounted for: Total costs for beginning WIP Transferred to Cooking 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. Begin with a summary journal entry to record the assignment of costs for direct materials and direct labor, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Mar. 31 Prepare the journal entry to record the cost of the units transferred out of the Mixing Department Date Accounts Debit Credit Mar. 31Step by Step Solution
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