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Smith Paper Co. produces the paper used by walpaper manufacturers. Smith's four-stage process includes mixing cooking, rolling, and cutting (Click the icon to view
Smith Paper Co. produces the paper used by walpaper manufacturers. Smith's four-stage process includes mixing cooking, rolling, and cutting (Click the icon to view additional information.) The Mixing Department compiled the following data for March (Click the loon to view the data) Read the resurements Requirement 1. Prepare a production cost report for the Moxing Department for March using the FIFO method. The Maing Department beginning work in process of 400 units is 80% 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 (Complete all input fields Enter a "0" for any zero balances. Round equivalent unit of production costs to four decimal places Round all other costs to the nearest whole dollar Abbreviations used EUP equivalent units of production; WP work in process) Smith Paper, Co. Production Cost Report-Mixing Department Month Ended March 31 Requirements X Equivalent Units UNITS Physical Units Materials Direct Conversion Costs Units to account for Total units to account for Units accounted for 1. Prepare a production cost report for the Mixing Department for March using the FIFO method. The Moxing Department beginning work in process of 400 units is 80% 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 2. Joumalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid Print Done
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