Smith PaperSmith Paper Co. produces the paper used by wallpaper manufacturers. SmithSmith?'s ?four-stage process includes? mixing, cooking,? rolling, and cutting.

On March ?1, the Mixing Department had 400 rolls of paper in process. During March?, the Mixing Department completed the mixing process for those 400 rolls and also started and completed the mixing process for an additional 4,200 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.

	Direct		Direct		Manufacturing		Total
	Materials		Labor		Overhead Allocated		Costs
Beginning inventory, Mar. 1	$140		$115		$230		$485
Costs added during March	5,735		3,925		3,250		12,910
Total costs	$5,875		$4,040		$3,480		$13,395

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.)

Smith Paper, Co.
Production Cost Report-Mixing Department
Month Ended March 31
		Equivalent Units
	Physical	Direct	Conversion
UNITS	Units	Materials	Costs
Units to account for:
Beginning work-in-process
Started in production
Total units to account for
Units accounted for:
Completed and transferred out
Ending work-in-process
Total units accounted for

	Direct	Conversion	Total
COSTS	Materials	Costs	Costs
Costs to account for:
Beginning work-in-process
Costs added during the period
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

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