See Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mixing Department, the materials pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs are incurred evenly throughout production in each department During March, the President and sole stockholder, Jonathan Groat, reviewed the cost of Production Report for the Mixing Department. He is concerned that the Mixing Department may not be operating efficiently, and asks for your help Cost of Production Jonathan has noticed that his production manager has omitted some of the data on the cost of Production. Determine the missing information. If there is no amount o an amount is zero, enter "O". Round your per-unit computations to the nearest cent, if required. Grainy Goodness Company Cost of Production Report-Mixing Department For the Month Ended March 31 Unit Information Units charged to production: Inventory in process, March 1 Received from materials storeroom 2,000 38,000 40,000 Total units accounted for by the Mixing Department Units to be assigned costs: Equivalent Units Grainy Goodness Company Cost of Production Report-Mixing Department For the Month Ended March 31 Unit Information Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Mixing Department Units to be assigned costs: 2,000 38,000 40,000 Whole Units Equivalent Units Direct Materials Conversion 1.200 2,000 35,000 35,000 35,000 Inventory in process, March 1 (40% completed) Started and completed in March Transferred to Baking Department in March Inventory in process, March 31 (90% completed) 35,000 37,000 3,000 2.000 2.400 X Total units to be assigned costs 40,000 38,000 38.760 X Cast Information Cost per equivalent unit: Direct Cost per equivalent unit: Total costs for March in Moxing Department Direct Materials $40,660 38,000 Conversion $36,955 18.700 X Total equivalent units 1.07 0.95 Cost per equivalent unit Costs assigned to production: Direct Materials $2,200 Conversion $600 Total $2,800 77,615 $80,415 Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Mixing Department Cost allocated to completed and partially completed units: Inventory in process, March 1-balance To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to Baking Department in March Inventory in process, March 31 $2,800 1,140 0 1,140 37,450 33,250 $3,940 70,700 74.660 X 3,210 2,565 5,490X Total costs assigned by the Mixing Department 80,150 X February Cost Analysis Determine the cost per unit of direct materials and for conversion for the month of February using the completed data on the cost of Production. Round your per-unit computations to the nearest cent, If required. Cost Analysis for February - Mixing Department Amount Equivalent Units Cost per Unit Direct Materials in inventory in process, March 1 OX 1.07 X Conversion costs in inventory in process, March 1 Total cost per unit Fudback * C My Wi. Look for the dollar amount and number of equivalent units on the cost of Production Report that pertain to the inventory in process on March 1. Don't forget that direct materials are added at the beginning of the process and so have all been added to inventory in process on March 1. The conversion costs are only partially complete March Cost Analysis Determine the cost per unit of direct materials and for cowortion for the March Cost Analysis Determine the cost per unit of direct materials and for conversion for the month of March using the completed data on the cost of Production. Round your per-unit computations to the nearest cent, if required. Cost Analysis for March - Mixing Department Amount Equivalent Units Cost per Unit Costs for March: Direct Materials 2,200 x 2,000 x 1.10 X 525 x 700 x 0.75 x Costs for March: Conversion 1.85 X Total cost per unit Feedback Check My Wor Look for the dollar amount and number of equivalent units on the cost of Production Report that pertain to the costs and units added in March. Don't forget that direct matglals are added at the beginning of the process. The conversion costs are added evenly through the month. Dant Evaluation erformance by Journal On March 31, using the data provided on the cost of Production, journalize the entry to move the appropriate amount of cost from the Mixing Department to the Baking Department. If an amount box does not require an entry, leave it blank. Mar 31 Work in Process-Baking 1440 X Work In Process-Mixing 74.660 x Feed See Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mixing Department, the materials pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs are incurred evenly throughout production in each department During March, the President and sole stockholder, Jonathan Groat, reviewed the cost of Production Report for the Mixing Department. He is concerned that the Mixing Department may not be operating efficiently, and asks for your help Cost of Production Jonathan has noticed that his production manager has omitted some of the data on the cost of Production. Determine the missing information. If there is no amount o an amount is zero, enter "O". Round your per-unit computations to the nearest cent, if required. Grainy Goodness Company Cost of Production Report-Mixing Department For the Month Ended March 31 Unit Information Units charged to production: Inventory in process, March 1 Received from materials storeroom 2,000 38,000 40,000 Total units accounted for by the Mixing Department Units to be assigned costs: Equivalent Units Grainy Goodness Company Cost of Production Report-Mixing Department For the Month Ended March 31 Unit Information Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Mixing Department Units to be assigned costs: 2,000 38,000 40,000 Whole Units Equivalent Units Direct Materials Conversion 1.200 2,000 35,000 35,000 35,000 Inventory in process, March 1 (40% completed) Started and completed in March Transferred to Baking Department in March Inventory in process, March 31 (90% completed) 35,000 37,000 3,000 2.000 2.400 X Total units to be assigned costs 40,000 38,000 38.760 X Cast Information Cost per equivalent unit: Direct Cost per equivalent unit: Total costs for March in Moxing Department Direct Materials $40,660 38,000 Conversion $36,955 18.700 X Total equivalent units 1.07 0.95 Cost per equivalent unit Costs assigned to production: Direct Materials $2,200 Conversion $600 Total $2,800 77,615 $80,415 Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Mixing Department Cost allocated to completed and partially completed units: Inventory in process, March 1-balance To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to Baking Department in March Inventory in process, March 31 $2,800 1,140 0 1,140 37,450 33,250 $3,940 70,700 74.660 X 3,210 2,565 5,490X Total costs assigned by the Mixing Department 80,150 X February Cost Analysis Determine the cost per unit of direct materials and for conversion for the month of February using the completed data on the cost of Production. Round your per-unit computations to the nearest cent, If required. Cost Analysis for February - Mixing Department Amount Equivalent Units Cost per Unit Direct Materials in inventory in process, March 1 OX 1.07 X Conversion costs in inventory in process, March 1 Total cost per unit Fudback * C My Wi. Look for the dollar amount and number of equivalent units on the cost of Production Report that pertain to the inventory in process on March 1. Don't forget that direct materials are added at the beginning of the process and so have all been added to inventory in process on March 1. The conversion costs are only partially complete March Cost Analysis Determine the cost per unit of direct materials and for cowortion for the March Cost Analysis Determine the cost per unit of direct materials and for conversion for the month of March using the completed data on the cost of Production. Round your per-unit computations to the nearest cent, if required. Cost Analysis for March - Mixing Department Amount Equivalent Units Cost per Unit Costs for March: Direct Materials 2,200 x 2,000 x 1.10 X 525 x 700 x 0.75 x Costs for March: Conversion 1.85 X Total cost per unit Feedback Check My Wor Look for the dollar amount and number of equivalent units on the cost of Production Report that pertain to the costs and units added in March. Don't forget that direct matglals are added at the beginning of the process. The conversion costs are added evenly through the month. Dant Evaluation erformance by Journal On March 31, using the data provided on the cost of Production, journalize the entry to move the appropriate amount of cost from the Mixing Department to the Baking Department. If an amount box does not require an entry, leave it blank. Mar 31 Work in Process-Baking 1440 X Work In Process-Mixing 74.660 x Feed