Requirement 1. Prepare a production cost report for the Mining 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) Lee Paper Co. Production Cost Report-Mixing Department Month Ended March 31 X Equivalent Units Data table Physical Direct Conversion UNITS Units Materials Costs Direct Direct Manufacturing Total Materials Labor Units to account for Overhead Allocated Costs Beginning work-in-process Beginning inventory, Mar. 1 , $ 450 $ 95 S 250 $ 795 5.750 2,905 3.250 11,905 Costs added during March Completed and transferred out Total costs 6.200 $ 3.000 $ 3,500 $ 12,700 Total units to account for Unite accounted for Completed and transferred out Print Done Ending work-in-process Total units accounted for Direct Materials Conversion Costs Total Costs ? COSTS More info Coats to account for Completed and transferred out Ending work in process Total costs to account for Divided by: Total costs accounted for On March 1, the Mixing Department had 500 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 500 rolls and also started and completed the mixing process for an additional 4,400 roles 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 main process. Cost per equivalent unit Costs accounted for Print Done 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. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin with the journal entry to record the assignment of direct materials to the Mixing Department. Do not record the assignment of direct labor or the allocation of manufacturing overhead with this entry. We will prepare those entries separately in the following steps. Date Accounts Debit Credit Mar. 31 Prepare the journal entry to record the assignment of direct labor to the Mixing Department. Assume labor costs are accrued and not yet paid Date Accounts Debit Credit Mar. 31 Prepare the journal entry for the allocation of manufacturing overhead to the Mixing Department 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
