PR 21-2A Cost of production report objs. 2, 4 1. Conversion rate per equivalent unit, $0.80 Oreo Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Moulding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at January 31, 2010: NEL (continued) ACCOUNT Work in Process -Blending Department ACCOUNT NO. Instructions 1. Prepare a cost of production report and identify the missing amounts for Work in Process-Blending Department. 2. Assuming that the January 1 work in process beginning inventory includes direct materials of $18,600, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between December and January