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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. i (Click the icon to
Lee Paper Co. produces the paper used by wallpaper manufacturers. Lee'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. 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: EUR of production.) Lee Paper, Co. Production Cost Report-Mixing Department More Info UNITS Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for COSTS Costs to account for: Month Ended March 31 Equivalent Units Physical Units Direct Materials Conversion Costs 350 5050 5400 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. Data Table - X Direct Materials Direct Labor Manufacturing Overhead Allocated Total Costs Beginning inventory, Mar. 1 $ 360 $ 365 $ 180 $ 905 6,240 5,125 3,080 14,445 Direct Materials Conversion Costs Total Costs Costs added during March Total costs $ 6,600 $ 5,490 $ 3,260 $ 15,350 Choose from any list or enter any number in the input fields and then continue to the next question. Print Done
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