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Please help with the empty boxes and show the calculations. Thank you! Chromatic manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the
Please help with the empty boxes and show the calculations. Thank you!
Chromatic manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to view the additional information.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Chromatic general ledger included the following account: (Click the icon to view the account.) Read the requirements Transferred to Molding Department Ending work-in-process 2,800 2,000 1,800 2,000 2,600 1.200 i More Info 4.800 3,800 3,800 Total units accounted for Cost Direct Materials Conversion Costs Total Costs per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for $ 11,000 $ 45,600 15,600 $ 76,000 26,600 121,600 The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process. Work in process of the Mixing Department on March 1, 2018, consisted of 1,000 batches of crayons that were 20% of the way through the production process. The beginning balance in Work-in-Process Inventory-Mixing was $26,600, which consisted of $11,000 in direct materials costs and $15,600 in conversion costs. During March, 3,800 batches were started in production. The Mixing Department transferred 2,800 batches to the Molding Department in March, and 2,000 were still in process on March 31. This ending inventory was 60% of the way through the mixing process. Chromatic uses FIFO process costing. $ 56,600 $ 91,600 $ 148,200 $ 45,600 $ 3,800 76,000 3,800 $ 12.00 $ 20.00 i Data Table Costs added during the period Divided by: EUP this period : Cost per equivalent unit Costs accounted for: : Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Work-in-Process Inventory-Mixing Balance, Mar. 1 26,600 Direct materials 45,600 Direct labor 23,180 Manufacturing overhead 52,820 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done parts CheckStep by Step Solution
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