Reed PaperReed Paper

Co. produces the paper used by wallpaper manufacturers.

ReedReed's

four-stage process includes mixing, cooking, rolling, and cutting. During

MarchMarch,

the Mixing Department started and completed mixing for

4 comma 5204,520

rolls of paper. The department started but did not finish the mixing for an additional

500500

rolls, which were

20 %20%

complete with respect to both direct materials and conversion work at the end of

MarchMarch.

Direct materials and conversion costs are incurred evenly throughout the mixing process. The Mixing Department incurred the following costs during

MarchMarch:

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(Click the icon to view the costs.)Read the requirements

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.

Requirement 1. Prepare a production cost report for the Mixing Department for

MarchMarch.

(Complete all answer boxes. Enter a "0" for any zero balances. 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.)

Reed Paper, Co.
Production Cost Report-Mixing Department
Month Ended March 31
		Equivalent Units
	Whole	Transferred	Direct	Conversion
UNITS	Units	In	Materials	Costs
Units to account for:
Beginning work-in-process	0
Started in production
Total units to account for
Units accounted for:
Beginning work-in-process	0	n/a
Completed and transferred out	5020	n/a
Total units accounted for	5020	n/a

	Transferred	Direct	Conversion	Total
COSTS	In	Materials	Costs	Costs
Costs to account for:
	n/a
	n/a
Total costs to account for	n/a
	n/a
Cost per equivalent unit	n/a

Costs accounted for:
	n/a
	n/a
Total costs accounted for	n/a

Requirement 2. Journalize all transactions affecting the company's mixing process during

MarchMarch,

including those already posted.

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