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Mixing Department quivalent unit of . Enter a 0 for any st whole dollar. Requirement 2. Journalize all transactions affecting the company's mixing process during
Mixing Department quivalent unit of . Enter a "0" for any st whole dollar. Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Begin with a summary journal entry to record the assignment of costs for direct materials and direct labor, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from journal entries.) 1: More Info On March 1, the Mixing Department had 400 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 400 rolls and also started and completed the mixing process for an additional 4,100 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. 2: Data Table 3: Requirements 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Mixing Department beginning work in process of 400 units is 80% complete as to both direct materials and conversion costs. Round equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. (1)Beginningwork-in-processCompletedandtransferredoutEndingwork-in-processStartedandcompletedStartedinproduction ( 5) Started and completed Started in production Beginning work-in-process Ending work-in-process (3) Started and completed Beginning work-in-process Started in production Completed and transferred out Ending work-in-process (9) Divided by: Costs accounted for this period Divided by: EUP this period Divided by: Units to account for this period (10)Beginningwork-in-process(11)Beginningwork-in-processCostsaddedduringtheperiodCoststocompletebeginningWIPEndingwork-in-processCostsaddedduringtheperiodCoststocompletebeginningWIPEndingwork-in-processStartedandcompleted (12)Beginningwork-in-processCostsaddedduringtheperiodCoststocompletebeginningWIPStartedandcompletedEndingwork-in-process (13)Beginningwork-in-processCostsaddedduringtheperiodCoststocompletebeginningWIPEndingwork-in-processStartedandcompleted (14)FinishedGoodsInventoryManufacturingOverheadRawMaterialsInventoryWagesPayableWork-in-ProcessInventory-CookingWork-in-ProcessInventory-Mixing (15) Wages Payable Finished Goods Inventory Work-in-Process Inventory-Cooking Manufacturing Overhead Work-in-Process Inventory-Mixing Raw Materials Inventory (16) Finished Goods Inventory Wages Payable Manufacturing Overhead Raw Materials Inventory (17)FinishedGoodsInventoryMawMaterialsInventoryRawMatheadWagesPayableWork-in-ProcessInventory-CookingWork-in-ProcessInventory-Mixing (19) Finished Goods Inventory Wages Payable Manufacturing Overhead Materials Inventory (20)MinishedGoodsInventoryRawMaterialsInventoryRawnerheadWagesPayableWork-in-ProcessInventory-CookingWork-in-ProcessInventory-Mixing (21)FinishedGoodsInventoryMawMaterialsInventoryRawMatingWagesPayableWork-in-ProcessInventory-CookingWork-in-ProcessInventory-Mixing (22)FinishedGoodsInventoryManufacturingOverheadMaterialsInventoryRawMary-MixingWagesPayableWork-in-ProcessInventory-Cooking
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