Reed Paper Co. produces the paper used by wallpaper manufacturers. Reeds four-stage process includes mixing, cooking, rolling,

Reed Paper Co. produces the paper used by wallpaper manufacturers. Reed’s four-stage process includes mixing, cooking, rolling, and cutting. During March, the Mixing Department started and completed mixing for 4,520 rolls of paper. The department started but did not finish the mixing 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. The Mixing Department incurred the following costs during March:

Requirements
1. Prepare a production cost report for the Mixing Department for March.
2. Journalize all transactions affecting the company’s mixing process during March, including those alreadyposted.

Transcribed Image Text:

Work-in-Process Inventory-Mixing Bal. March1 Direct materials Direct labor Manufacturing overhead 0 5,775 620 6310