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:

1. Prepare a cost of production report, and identify the missing amounts for Work in Process --Blending Department of an amount decimal places Venus Chocolate Company Cost of Production Report-Blending Department For the Month Ended March 31, 2016 zero, enter . When computing cost per equivalentes, round towe Unit Information Units charged to production Inventory in process, March 1 Received from materials storeroom 1,700 11,000 Total units accounted for by the Blending Department Units to be assigned costs 192,700 Whole Units Equivalent Units Direct Materials Conversion Inventory in process, March 1 Started and completed in March 4,700 940 184,300 184.300 181300 Transferred to Molding Department in March 189.000 184,300 Inventory in process, March 31 3,700 Total units to be assigned costs 192,700 118,000 187,460 Cost Information Costs per equivalent unit Direct Materials Conversion Total costs for March in Blending Department 282.000 Total equivalent units Cost per equivalent unit Costs charged to production: Direct Materials Conversion Total Inventory in process, March 1 cured in March Cost of Production Report Venus Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials craw chocolate, milk and sugar into the Blending Desartment. All materials are placed into production at the beginning of the blending process. After blending the milk chocolates then transferred to the Holding Department where the work in process account of the Blending Department at March 31, 2016: chocolate is formed into candy bars. The following is a partial ACCOUNT Work in Process-Blending Department ACCOUNT NO Date Item Balance Debit Credit Debit Credit 1 Bal 4,700 units, 4/5 completed 8,460 31 Direct materials, 188,000 units 282,000 290,460 31 Direct labor 59.800 350,260 31 Factory overhead 14.358 365,148 31 Goods transferred, 189,000 units 31 bal., 2 units, 2/5 completed Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero, entr decimal places venus Chocolate Company Cost of production Report Blending Department For the Month Ended March 31, 2016 e coming cost s , round to be Units charged to production Inventory in process, March 1 Received from matens storeroom TH000 Total accounted for by the Blending Department 192.700 Equivalent Units Whole Units Direct Inventory in process, March 1 Started and completed in March Transferred to Molding Department in March 100 11.300 108.000 Inventory in process March 1,700 5.24 La Transferred to Molding Department in March 184,300 189,000 3,700 3,700 Inventory in process, March 31 2,220 192,700 188,000 Total units to be assigned costs 187.460 Cost Information Costs per equivalent unit Direct Materials Conversion Total costs for March in Blending Department 282,000 $ 83,148 Total equivalent units 187.460 1. 550.44 Cost per equivalent unit Costs charged to production: Direct Materials Conversion Total Inventory in process, March 1 s 2,460 356,688 365,148 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 S Total costs assigned by the Blending Department 2. Assuming that the March 1 work in process inventory includes $6,580 of direct materials, determine the increase or decrease in the co and March. If required, round your answers to the nearest cent. Increase or Decrease Change in direct materials cost per equivalent unit Change in conversion cost perequalent unit Amount Increase Decrease Che