Neal Paper Co. produces the paper used by wallpaper manufacturers. Neal's four-stage process includes mixing, cooking, rolling, an department started but did not finish the mixing for an additional 600 rolls, which were 20% complete with respect to both direct mater throughout the mixing process. The Mixing Department incurred the following costs during March: Click the icon to view the costs.) Read the requirements. Requirement 1: Prepare a production cost report for the Mixing Department for March. (Complete all answer boxes. Enter a "O" for an whole dollar. Abbreviation used: EUP = equivalent units of production.) Neal Paper, Co. Production Cost Report-Mixing Department Month Ended March 31 Equivalent Units Whole Transferred Direct Conversion UNITS Units Materials Costs Units to account for: Beginning work-in-process Started in production 5,005 In Total units to account for Units accounted for: Completed and transferred out n/a Ending work-in-process V n/a Total units accounted for n/a Choose from any list or enter any number in the input fields and then click Check Answer. In Noal Paper Co. produces the paper used by wallpaper manufacturers. Neal's four-stage process includes mixing, cooking, rolling, a department started but did not finish the mixing for an additional 600 rolls, which were 20% complete with respect to both direct matu throughout the mixing process. The Mixing Department incurred the following costs during March: Click the icon to view the costs.) Read the requirements. Transferred Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Beginning work-in-process n/a Costs added during the period Total costs to account for n/a Divided by: Total units to account for Cost per equivalent unit Costs accounted for Completed and transferred out n/a Ending work-in-process n/a n/a n/a n/a n/a Total costs accounted for Requirement 2: Journalize all transactions affecting the company's mixing process during March, including those already posted. Begin with a summary journal entry to record the assignment of direct materials, direct labor, and the allocation of manufacturing ou Exclude explanations from any journal entries.) n/a Neal Paper Co. produces the paper used by wallpaper manufacturers. Neal's four-stage process includes mixing, cooking, rolling, and cu department started but did not finish the mixing for an additional 600 rolls, which were 20% complete with respect to both direct material throughout the mixing process. The Mixing Department incurred the following costs during March: Click the icon to view the costs.) Read the requirements. Ending work-in-process n/a Total costs accounted for Requirement 2: Joumalize all transactions affecting the company's mixing process during March, including those already posted. Begin with a summary journal entry to record the assignment of direct materials, direct labor, and the allocation of manufacturing overhe Exclude explanations from any journal entries.) Date Accounts Debit Credit Mar. 31 Work-in-Process Inventory-Mixing Raw Materials Inventory Wages Payable Manufacturing Overhead Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department. Date Accounts Debit Credit Mar. 31 Finished Goods Inventory Work-in-Process Inventory-Mixing Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All i Data Table - X Work-in-Process Inventory-Mixing Bal. March 1 0 sted Direct materials 5,430 ring Direct labor 550 brd do Manufacturing overhead 5,785 Print Done i Requirements 1. Prepare a production cost report for the Mixing Department for March. 2. Journalize all transactions affecting the company's mixing process during March, including those already posted. Print Done Neal Paper Co. produces the paper used by wallpaper manufacturers. Neal's four-stage process includes mixing, cooking, rolling, and cutting. During March, the Mixing Department started and completed mixing for 4,405 rolls of paper. The department started but did not finish the mixing for an additional 600 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. The Mixing Department incurred the following costs during March: Click the icon to view the costs.) Read the requirements. Requirement 1: Prepare a production cost report for the Mixing Department for March. (Complete all answer boxes. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production)
