please provde a full produ tuon cost report as well as credit/debit journal entries!
*please provide a full production cost report as well as credit/debit journal entries!
Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units to account for: Beginning work-in-process Started in production 700 5000 5700 Total units to account for Units accounted for: Beginning work-in-process Started and completed Transferred to Molding Department Ending work-in-process Total units accounted for X - More info 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, 2024, consisted of 700 batches of crayons that were 30% of the way through the production process. The beginning balance in Work-in-Process InventoryMixing was $28,000, which consisted of $10,700 in direct materials costs and $17,300 in conversion costs. During March, 5,000 batches were started in production. The Mixing Department transferred 4,400 batches to the Molding Department in March, and 1,300 were still in process on March 31. This ending inventory was 60% of the way through the mixing process. Dixon Vivid uses the FIFO method. Data table Work-in-Process Inventory-Mixing Balance, Mar. 1 28,000 Direct materials 25,000 Direct labor 19,850 Manufacturing overhead 49,730 Dixon Vivid Production Cost Report - Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units to account for: Beginning work-in-process Started in production 700 5,000 Total units to account for 5,700 700 0 490 Units accounted for Beginning work-in-process Started and completed Transferred to Molding Department Ending work-in-process 3,700 3,700 3,700 4,400 1,300 3,700 1,300 4,190 780 Total units accounted for 5,700 5,000 4,970 Conversion Total Cost Direct Materials Costs Costs per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for $ 28,000 10,700 $ 25,000 17,300 $ 69,580 94,580 35,700 $ 86,880 $ 122,580 $ $ Costs added during the period Divided by: EUP this period 25,000 $ 5,000 69,580 4,970 $ 5.00 $ 14.00 Cost per equivalent unit Costs accounted for Total costs for beginning WIP Transferred to Mixing Department Total costs accounted for