Mastery Problem: Process Cost Systems Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mixing Department, the materials pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs are incurred evenly throughout production in each department. During March, the President and sole stockholder, Jonathan Groat, reviewed the Cost of Production Report for the Mixing Department. He is concerned that the Mixing Department may not be operating efficiently, and asks for your help. Cost of Production Jonathan has noticed that his production manager has omitted some of the data on the Cost of Production. Determine the missing information. If there is no amount or an amount is zero, enter "0". Round your per-unit computations to the nearest cent, if required. Grainy Goodness Company Cost of Production Report-Mixing Department For the Month Ended March 31 Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Mixing Department Units to be assigned costs: Unit Information Equivalent Units Whole Units Inventory in process, March 1 (35% completed) 2,000 Started and completed in March 35,000 Direct Materials Conversion 35,000 Transferred to Baking Department in March 37,000 Inventory in process, March 31 (80% completed) 3,000 Total units to be assigned costs 40,000 Cost Information Cost per equivalent unit: Total costs for March in Mixing Department Total equivalent units Direct Materials Conversion $40,660 $36,765 Cost per equivalent unit Costs assigned to production: Check My Work 3 more Check My Work uses remaining Direct Materials Conversion Total E 2,000 38,000 40,000 35,000 480 707 Inventory in process, March 1. Costs incurred in March Total costs accounted for by the Mixing Department Cost allocated to completed and partially completed units: Inventory in process, March 1-balance To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to Baking Department in March Inventory in process, March 31 Total costs assigned by the Mixing Department Direct Materials Conversion Total $2,200 $525 $2,725 77,425 $80,150 $2.725 1,235 1,235 $3,960 37,450 33,250 70,700 3,210 2,280