More Info The Mixing Department combines the direct materials of paraffin wax and ea pigments The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. In the Mxing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process Work in process of the Mixing Department on March 1, 2018, consisted of 200 batches of crayons that were40% of the way through the production process. The beginning balance in Work-in-Process Inventory -Mixing was $28,000, which consisted of $11,400 in direct materials costs and $16,600 in conversion costs During March, 5,200 batches were started in production. The Mxing Department transferred 2,600 batches to the Molding Department in March, and 2,800 were still in process on March 31 . This ending inventory was 30% of the way through the mixing process. Valley Mix uses FIFO process costing Print Done Red a product t whole do p equival Xfour decimal p to four decima dData Table 1 Work-in-Process Inventory-Mixing Balance, Mar 1 Direct materials Direct labor 28,000 31.200 21.330 8.910 Print Done t for Valley Max manufactures crayons in a three-step process: mixing, molding and packaging At March 31, before recording the transfer of costs from the Mixing Departme the Molding Department, the Valley Mix general ledger included the following account (Click the icon to view the additional information.) Click the icon to view the account ) Read the requirements Requirement 1. Prepare a production cost report for the Mixing Department for March Round equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar (Complete all answer boxes Enter a "0 for any zero balances. Round cost per unit amounts to four decimal places Abbreviations used EUP equivalent units of production, WIP work-in-process) Valley Mix Production Cost Report- Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units to account for Total units to account for Choose trom any list or enter any number in the input fields and then continue to the next question Read the requirements Units to account for Total units to account for Units accounted for Transferred to Molding Department Total units accounted for DirectConversion Total Cost Materials Costs COSTS Costs per U Choose from any list or enter any number in the input fields and then continue to the next question. alley Max manufactures crayons in a three-step process mixing molding, and At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Valey M general ledger included the following EB(Cick the icon to view the account ) Read the requrements Click the lcon to view the adlitional informaltion) Direct Conversion oaCost Materials Costs Costs per Unit COSTS Costs to account for 3/19 n9 Total costs to account for 0ns Cost per equivalent uni Costs accounted for 7/19 7/19 Total costs for beginning WIP Choose trom any list or enter any number in the input fields and then continue to the next question 19 Total costs for beginning WIP pm Transferred to Mixing Department pm Total costs accounted for pm Requirement 2. Journalice all tnsactions affecing the Mixing Department during March, incduding the entries that have already ben posted Assume labor cosats are accrued and not yet paid with a summary journal entry to record the assignment of direct materials and direct labor costs, and the allocation of manufacturing overhead to the Moxing Department (Prepare a single compound journal entry Record debits first, then credits. Exclude explanations from journal entries) 7/19 9 Begin pm 7/19 9pm 0/19 9pm Date Accounts Debit Credit Mar. 31 Reuireoment n, souneions affci the Ming Department during March Incduding the entries that have atready been posed Assume labor costs are accrued and not yet paid Begin with a summary journal entry to record the assignment of direct materials and direct labor costs, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry Record debits first, then credts. Exclude explanations from journal entries) Date Accounts Debit Credit Mar 31 Prepare the journal entry to record the cost of the units (crayons) completed and transferred out of the Mixing Department Date Accounts Debit Credit Mar 31 Choose trom any list or enter any number in the input fields and then continue to the next question Prepare the journal entry to record the cost of the units (crayons) completed and transfrred out of the Mixing Department entry to record the cost of the units (crayons) completed and tr Date Accounts Debit Credit Mar. 31 Choose from any list or enter any number in the input felds and then continue to the next