P20-33A Preparing a production cost report, beginning WIP, no costs Learning Objectives 2, 3, 5 transferred in; journal entries 1. Cost per EUP for CC $1.45 Roan Paper Co. produces the paper used by wallpaper manufacturers. Roan's four-stage process includes mixing, cooking, rolling, and cutting. On March 1, the Mixing Department had 300 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 300 rolls and also started and completed the mixing process for an additional 4,200 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. piled the following data for March t com- Total Overhead Allocated Costs Direct Materials Labor Beginning inventory, Mar. 1 350 245 3,000 5,290 3,245 Direct Manufacturing $ 200 Costs added during March Total costs $ 795 11,165 $11,960 4,940 3,225 $ 3,425 Requirements 1. Prepare a production cost report for the Mixing Department for March. The com- pany uses the weighted-average method. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not vet paid. ROAN PAPER COMPANY Production Cost Report-MIXING DEPARTMENT Honth Ended Harch 31, 20XX Equivalent Units Whole Units Direct Conversio Materials Costs UNITS Units to account for tarted in production Total units to account for Units accounted for Completed and transferred out Endinq work-i Total units accounted for Direct Conversio Total Materials Costs Costs COSTS osts to account for: Be osts added during pei Total costs to account for Divided by: Total EUP Cost ivalent unit osts accounted for: Completed and transferred out work-i Total costs accounted for Requirement 2 Date Accounts and Explanation Debit Credit Page 2