On

March

1, the Mixing Department had

250

rolls of paper in process. During

March,

the Mixing Department completed the mixing process for those

250

rolls and also started and completed the mixing process for an additional

3,750

rolls of paper. The department started but did not finish the mixing process 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. pop-up content ends

Data table

	Direct Materials	Direct Labor	Manufacturing Overhead Allocated	Total Costs
Beginning inventory, Mar. 1	$450	$375	$170	$995
Costs added during March	4,906	2,637	3,410	10,953
Total costs	$5,356	$3,012	$3,580	$11,948

pop-up content ends

Reed Paper

Co. produces the paper used by wallpaper manufacturers.

Reed's

four-stage process includes mixing, cooking, rolling, and cutting.

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Part 1

The Mixing Department compiled the following data for

March:

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Part 1

Requirement 1. Prepare a production cost report for the Mixing Department for

March.

The company uses the weighted-average method. (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.)

Reed Paper, Co.
Production Cost Report-Mixing Department
Month Ended March 31
		Equivalent Units
	Physical	Direct	Conversion
UNITS	Units	Materials	Costs
Units to account for:
Total units to account for
Units accounted for:
Total units accounted for

Part 2

	Direct	Conversion	Total
COSTS	Materials	Costs	Costs
Costs to account for:
Total costs to account for
Cost per equivalent unit

Part 3

Costs accounted for:
Total costs accounted for

Part 4

Requirement 2. Journalize all transactions affecting the company's mixing process during

March.

Assume labor costs are accrued and not yet paid. (Record debits first, then credits. Exclude explanations from any journal entries.)Begin with the journal entry to record the assignment of direct materials to the

Mixing

Department. Do not record the assignment of direct labor or the allocation of manufacturing overhead with this entry. We will prepare those entries separately in the following steps.

Date		Accounts	Debit	Credit
Mar.	31

Part 5

Prepare the journal entry to record the assignment of direct labor to the

Mixing

Department. Assume labor costs are accrued and not yet paid.

Date		Accounts	Debit	Credit
Mar.	31

Part 6

Prepare the journal entry for the allocation of manufacturing overhead to the

Mixing

Department.

Date		Accounts	Debit	Credit
Mar.	31

Part 7

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