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 Unit Information Received from materials storeroom Total units accounted for by the Mixing Department Units to be assigned costs: 2,000 38,000 40,000 Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1 (40% completed) 2,000 0 1,200 Started and completed in March 35,000 35,000 35,000 Transferred to Baking Department in March 37,000 35,000 36,200 Inventory in process, March 31 (80% completed) 3,000 3,000 Total units to be assigned costs 40,000 38,000 Cost Information Cost per equivalent unit: Total costs for March in Mixing Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, March 1 Costs incurred in March Direct Materials Conversion $40,660 38,000 $36,670 Direct Materials Conversion Total $2,200 $600 $2,800 77,330 $80,130 $2,800 1,140 1,140 $3,940 70,700 $3000 37,450 33,250 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 3,210 2,280 Total costs assigned by the Mixing Department February Cost Analysis