Question: I need help solving this managerial accounting question. Production Cost Report - Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units
I need help solving this managerial accounting question.




Production Cost Report - Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for Total units to account for Units accounted for Transferred to Molding Department Total units accounted for Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs for beginning WIP Transferred to Mixing Department Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including the entries that have already been posted. Assume labor costs are accrued and not yet pald Begin with a summary jounal entry to record the assignment of direct materials and direct labor costs, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound joumal entry. Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Mar. 31 Prepare the journal entry to record the cost of the units (crayons) completed and transterred out of the Mixing Department. Date Accounts Debit Credit Mar. 31 Choose from any list or enter any number in the input fields and then continue to the next question. Read thne re More Info ivalent unit of production costs to four decimal places. Round all other costs to the nearest whole dol P equivalent units of production; WIP work-in-process.) The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed Data Table In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process Work in process of the Mixing Department on March 1, 2018, consisted of 200 batches of crayons that were 50% of the way through the production process. The beginning balance in Work-in-Process Inventory-Mixing was $28,000, which consisted of $10,700 in direct materials costs and $17,300 in conversion costs. During March, 4,800 batches were started in production. The Mixing Department transferred 2,800 batches to the Molding Department in March, and 2,200 were still in process on March 31 . This ending inventory was 40% of the way through the mixing process. Colorway uses FIFO process costing Work-in-Process Inventory-Mixing Balance, Mar. 1 Direct materials Direct labor Manufacturing overhead 28,000 19,200 21,330 35,950 Print Done Print Done
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