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, 2014:

ACCOUNT Work in ProcessBlending Department							ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
Mar.	1	Bal., 7,900 units, 2/5 completed					26,544
	31	Direct materials, 316,000 units	979,600				1,006,144
	31	Direct labor	203,500				1,209,644
	31	Factory overhead	50,884				1,260,528
	31	Goods transferred, 317,000 units			?
	31	Bal., ? units, 3/5 completed					?

Required:

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1. Prepare a cost of production report, and identify the missing amounts for Work in ProcessBlending Department. If an amount is zero, enter "0". 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, 2014

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
	Whole 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
Total units to be assigned costs

Cost Information

Costs per equivalent unit:

	Direct Materials	Conversion
Total costs for March in Blending Department	$	$
Total equivalent units
Cost per equivalent unit	$	$

Costs charged to production:

	Direct Materials	Conversion	Total
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			$