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Requirements Neal Paper Co. produces the paper used by wallpaper manufacturers. Neal's four-stage process includes mixing, cooking, rolling, and cutting. The Click the ioon to
Requirements Neal Paper Co. produces the paper used by wallpaper manufacturers. Neal's four-stage process includes mixing, cooking, rolling, and cutting. The Click the ioon to view additional information.) 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Mixing Department beginning work in process of 150 units is 30% complete as to both direct materials and conversion costs. Round | equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar, Read the Requirement 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Mixing Round equivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dollar. (Complete all Round all other costs to the nearest whole dollar. Abbreviations used: EUP equivalent units of production; WIP work-in-process.) 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Neal Paper, Co. Production Cost Report - Mixing Department Month Ended March 31 Data Table Equivalent Units Physical Direct Conversion Materials Direct Direct Manufacturing Total UNITS Units Costs Materials Labor Overhead Allocated Costs Units to account for. Beginning inventory, Mar. 1 S Costs added during March Total costs 150 3,520 3,670 370 3,660 800 12,708 $ 13,508 280 $ 150 4650 4800 Beginning work-in-process Started in production $ 5,808 4,030 $ Total units to account for More Info Units accounted for 150 4150 4300 130 4150 4280 150 4430 130 4150 4280 150 4430 Beginning work-in-process Started and completed On March 1, the Mixing Department had 150 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 150 rolls and also started and completed the mixing process for an additional 4,150 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. Transferred to Cooking Ending work-in-process Total unlits accounted for Choose from any list or enter any number in the input fields and then continue to the next question. Print Done
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