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Lee Paper Co. produces the paper used by wallpaper manufacturers. Lee's four-stage process includes mixing, cooking, rolling, and cutting. (Click the icon to view
Lee Paper Co. produces the paper used by wallpaper manufacturers. Lee'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. Requirement 1. Prepare a production cost report for the Mixing units is 60% complete as to both direct materials and conversion nearest whole dollar. (Complete all input fields. Enter a "0" for a to the nearest whole dollar. Abbreviations used: EUP equivale Lee Paper, Co Production Cost Report-Mi Month Ended Mar UNITS Units to account for Physical Units Di Mat More info On March 1, the Mixing Department had 350 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 350 rolls and also started and completed the mixing process for an additional 4,550 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. Beginning work-in-process Started in production Total units to account for Units accounted for Beginning work-in-process Started and completed Transferred to Cooking Ending work-in-process Total units accounted for Print Done Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for Beginning work-in-process 150 Costs added during the period 5850 Total costs to account for 6000 Costs added during the periodi Divided by: EUP this period Cost per equivalent unit Costs accounted for Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP 395 12105 12500
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