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Venus Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials raw chocolate, milk, and sugar) into the Blending Department. All

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Venus Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Holding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at March 31, 2016 ACCOUNT Work in Process - Blending Department ACCOUNT NO Balance Date Debit Credit Debit Credit tem Mar. 22,176 777,600 160.109 1 , 7.200 units, completed 31 Direct materials, 280.000 units 31 Direct labor 31 Factory overhead 31 Goods transferred. 209.000 units 31 Bal 2 units, 1/5 completed 799.776 959.876 999.920 40,044 Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, entero. When computing cost per cuivalent units, round to two decimal places Venus Chocolate Company Cost of Production Report Blending Department For the Month Ended March 1, 2016 whenformation Units charged to production: Inventory in process, March 1 Venus Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Holding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at March 31, 2016 ACCOUNT Work in Process - Blending Department ACCOUNT NO Balance Date Debit Credit Debit Credit tem Mar. 22,176 777,600 160.109 1 , 7.200 units, completed 31 Direct materials, 280.000 units 31 Direct labor 31 Factory overhead 31 Goods transferred. 209.000 units 31 Bal 2 units, 1/5 completed 799.776 959.876 999.920 40,044 Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, entero. When computing cost per cuivalent units, round to two decimal places Venus Chocolate Company Cost of Production Report Blending Department For the Month Ended March 1, 2016 whenformation Units charged to production: Inventory in process, March 1

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