IM HAVING TROUBLE WITH THIS PROBLEM
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Production Cost Report - Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units to account for: Beginning work-in-process The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process. Work in process of the Mixing Department on March 1. 2018, consisted of 200 batches of crayons that were 30% of the way through the production process. The beginning balance in Work-in-Process InventoryMixing was $28,700, which consisted of $11,400 in direct materials costs and $17,300 in conversion costs. During March, 4,400 batches were started in production. The Mixing Department transferred 2,600 batches to the Molding Department in March, and 2,000 were still in process on March 31. This ending inventory was 60% of the way through the mixing process. Primary Colors uses FIFO process costing. 200 Started in production 4.400 Total units to account for 4,600 200 2.400 0 2,400 Units accounted for: : Beginning work-in-process Started and completed Transferred to Molding Department Ending work-in-process 140 2,400 2,540 Print Done 2,600 2,400 2.000 2,000 1,200 3,740 4,600 4,400 Total units accounted for x Data Table Direct Conversion Total Cost COSTS Materials Costs Costs per Unit Costs to account for. Beginning work-in-process Costs added during the period 11,400 $ 17,600 17,300 $ 28,700 67,320 84,920 84,620 $ 113,620 Work-in-Process Inventory-Mixing Balance, Mar. 1 28,7001 Direct materials 17,600 Direct labor 28,140 Manufacturing overhead 39,180 Total costs to account for S S 29,000 $ S Costs added during the period Divided by: EUP this period 17,600' $ 4,400 67,320 3,740 Print Done Divided by: EUP this period 4,400 3,740 $ 4.00 $ 18.00 Cost per equivalent unit Costs accounted for: Beginning work-in-process $ 11,400 $ 28,700 17,300 $ 2,520 $ 0 2,520 Costs to complete beginning WIP Total costs for beginning WIP Started and completed 11,400 19,820 31,220 $ 156.10 9,600 43,200 52,800 22.00 Transferred to Mixing Department 21,000 63,020 21,600 84,020 29,600 Ending work-in-process 8,000 $ Total costs accounted for 29,000 $ 113,620 84,620 $ Requirement 2. Journalize all transactions affecting the Mixing Department during March, including the entries that ha Begin with a summary journal entry to record the assignment of direct materials and direct labor costs, and the allocati Exclude explanations from journal entries.) Date Accounts Debit Credit Mar. 31 84,920 Work-in-Process Inventory-Mixing Raw Materials Inventory 17,600 Wages Payable Manufacturing Overhead 28,140 39,180 Prepare the journal entry to record the cost of the units (crayons) completed and transferred out of the Mixing Departm Date Accounts Debit Credit Mar. 31 84,020 Work-in-Process Inventory-Molding Work-in-Process InventoryMixing 84,020
