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 Molding 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:

Cost of Production Report 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 Molding 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 Item Debit Credit Debit Credit 12,240 444,240 Mar. 1 Bal., 7,200 units, 3/5 completed 31 Direct materials, 288,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 289,000 units 31 Bal., 2 units, 2/5 completed Required: 432,000 91,900 22,964 536,140 559,104 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, enter "O". When computing cost per equivalent units, round to two decimal places. Venus Chocolate Company Cost of Production Report-Blending Department For the Month Ended March 31, 2016 Unit Information Units charged to production: Inventory in process, March 1 Received from materials storeroom Next > Check My Work 3 more Check My Work uses remaining, Submit Assignment for Grading Calculator DOO Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, enter "O". When computing cost per equivalent units, round to two decimal places. Venus Chocolate Company Cost of Production Report-Blending Department For the Month Ended March 31, 2016 Unit Information Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Blending Department Units to be assigned costs: Equivalent Units Direct Materials Conversion Inventory in process, March 1 Started and completed in March Transferred to Molding Department in March Inventory in process, March 31 ni puoli. D DII|| Total units to be assigned costs Cost Information Costs per equivalent unit: Conversion Materials Total costs for March in Blending Department Total equivalent units Next > Check My Work 3 more Check My Work uses remaining, Submit Assignment for Grading Email Instructor Total costs for March in Blending Department Total equivalent units Cost per equivalent unit Costs charged to production: Direct Materials con Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Blending 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 Molding Department in March Inventory in process, March 31 Total costs assigned by the Blending Department 2. Assuming that the March 1 work in process inventory includes $10,080 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to the nearest cent. Amount Increase or Decrease Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Next > Check My Work 3 more Check My Work uses remaining. items Emal instructor Submit Assignment for Grading All work saved