Reed Paper Co. produces the paper used by wallpaper manufacturers. Reed's four-stage process includes mixing, The Mixing Department compiled the following data for March: cooking, rolling, and cutting. (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) More Info Reed Paper, Co. Production Cost Report-Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS On March 1, the Mixing Department had rolls of paper in process. During March, the Mixing Department completed the mixing process for those 100 rolls and also started and completed the mixing process for an additional 4,500 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. Units to account for: Total units to account for Print It Do Done Units accounted for: i Data Table Total units accounted for Direct Materials Direct Labor Manufacturing Overhead Allocated Total Costs Direct Conversion Total Beginning inventory, Mar. 1 $ 210 $ COSTS Materials Costs Costs 360 $ 5,374 35 $ 3,635 605 12,649 3,640 Costs added during March Costs to account for: 5,734 $ 3,670 $ 3,850 $ 13,254 Total costs Choose from any list or enter any number in the input fields and then continue to the next question. Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Begin with a summary journal entry to record the assignment of direct materials, direct labor, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Mar. 31 Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Begin with a summary journal entry to record the assignment of direct materials, direct labor, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Mar. 31 Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department. Date Accounts Debit Credit Mar. 31 Choose from any list or enter any number in the input fields and then continue to the next