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Reed Paper Co. produces the paper used by wallpaper manufacturers. Reed's four-stage process includes mixing, cooking, rolling, and cutting (Click the icon to view additional information.) The Mixing Department compiled the following data for March: (Click the icon to view the data.) Read the requirements x More Info 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 3,950 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. Print Done Data Table . Direct Total Costs Direct Materials Beginning inventory, Mar. 1 $ 280 Costs added during March 5,310 $ Total costs 5,590 Labor 250 3,965 Manufacturing Overhead Allocated $ 230 3,080 $ 760 12,355 $ 4,215 $ 3,310 $ 13,115 Print Done 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 Conversion Total Direct Materials COSTS Costs Costs Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for 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