production costs to four ero balances. Round cost n-process.) Requirement 2. Journalize all transactions affecting the Mixing Department during March, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. Begin with a summary journal entry to record the assignment of direct materials and direct labor costs, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from journal entries.) Prepare the journal entry to record the cost of the units (crayons) completed and transferred out of the Mixing Department. 1: 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, 2018, consisted of 400 batches of crayons that were 60% of the way through the production process. The beginning balance in Work-in-Process Inventory-Mixing was $32,500, which consisted of $13,000 in direct materials costs and $19,500 in conversion costs. During March, 4,000 batches were started in production. The Mixing Department transferred 2,800 batches to the Molding Department in March, and 1,600 were still in process on March 31 . This ending inventory was 70% of the way through the mixing process. Cobalt Waxen uses FIFO process costing