Quiz No.1 Menezes Chemical Company produces a chemical cleaning solvent in three departments, Refining, Blending, and Finishing. The process begins in the Refining Department, where the base solvent is removed from a petroleum derivative purchased from a large oil refinery. The base solvent is then transferred to the Blending Department, where cleaning compounds are added to the solvent, increasing the total quantity of the product. The blended product is then transferred to the Finishing Department, where it is filtered one last time and bottled for storage and shipment to customers. Because only one product is manufactured by the company, a process cost system is used. The company uses the average cost flow assumption to account for its work in process inventories. Data related to March operations in the Blending Department are: Units in beginning inventory 5,000 Units received from the Refining Department this period 20,000 Units added to process in the Blending Department this period 5,000 Units transferred to Finishing Department this period 26,000 Units in ending inventory (100% materials, 80% labor, and 90% overhead) 4000 Beginning Added Inventory This period Cost charged to the department: Costs from the preceding department $4,750 $25,250 Materials 2,415 12,885 Direct Labor 180 2,740 Factory overhead 767 8,113 Required: Prepare a March cost of production report for the Blending Department