1. 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 ProcessBlending Department	ACCOUNT NO.
   Date	Item	Debit	Credit	Balance
   Debit	Credit
   Mar.	1	Bal., 5,800 units, 1/5 completed			15,428
   	31	Direct materials, 232,000 units	603,200			618,628
   	31	Direct labor	131,400			750,028
   	31	Factory overhead	32,904			782,932
   	31	Goods transferred, 233,000 units		?
   	31	Bal., ? units, 3/5 completed			?

   Required: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 The rate used to allocate costs between completed and partially completed production.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
   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	$

   Feedback 2. Assuming that the March 1 work in process inventory includes $14,500 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.

   	Increase or Decrease	Amount
   Change in direct materials cost per equivalent unit	Decrease Decrease Increase	$
   Change in conversion cost per equivalent unit	Decrease Decrease Increase	$