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Please Answer Question Help 0 NAAL Paper Co. produses the paper sad by wallpaper manufacturers Neal's four-stage process includes mixing cong, rolling, and sing. Cick
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Question Help 0 NAAL Paper Co. produses the paper sad by wallpaper manufacturers Neal's four-stage process includes mixing cong, rolling, and sing. Cick the lon to view Additional information The Ming Department compiled the folowing data for March: (Click the loan to view the data.) Read the requirements Requirement 1. Prepare a production cost report for the Mixing Department for March. The compary use the weightec-overspa method. Round all cet per unit amounts to the nearest cant and all other amounts to the nearest whole collar Abbreviation used EUP = equivalent units of production) Neal Paper, co Production Coat Report-Mixing Department Month Ended March 31 * More Info Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units ia account for: On March 1, the Mining Department had 450 rals of paper in process. During March, the Midng Department completed the mining process for those 45 rols and also started and completed the mbeing process for an additional 4 250 roils of PADAR. The departmer started but did not finish the mixing access for an additional 500 rolls which were 20% complele with respect to both direct materias and conversion work at the end of March. Direct malerials and conversion costs are incurred everly throughout the mixing prucess. Tocal units to account for Print Done Units accounted for: i Data Table To alune sccounted for Direct Conversion Total COSTS Materials Costs Casts Manufacturing Total Direct Materials Direct Labor Overhead Allocated Costs Cosista account for: Beginning inventory. Mar. 1 $ 150 $ 280 $ 240 670 5,130 2,200 3,620 10,860 Costs added during March $ 5,200 $ 2,400 $ 3,700 $ 11,62 To al cuels le account for Total costs Print Danc Cost per equivalent unil Cosis ancounted for: To alcole counted for Choose from any list or enter any rumber in the input fields and then continue to the next question. ? 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 direct materials, 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 any journal entries.) Date Accounts Debit Credit Mar. 31 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 Choose from any list or enter any number in the input fields and then continue to the nextStep by Step Solution
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