Received from materials storeroomTotal units accounted for by the Blending DepartmentUnits to be assigned costs:Inventory in process, October 1Started and completed in OctoberTransferred to Molding Department in OctoberInventory in process, October 31Total units to be assigned costsCostsCost per equivalent unit:Total costs for October in Blending DepartmentTotal equivalent unitsCost per equivalent unitCosts assigned to production:Inventory in process, October 1Costs incurred in OctoberTotal costs accounted for by the Blending DepartmentCosts allocated to completed and partially completed units:Inventory in process, October 1 balanceCostsChange in direct materials cost per equivalent unitChange in conversion cost per equivalent unitDirect MaterialsConversion000TotalTo complete inventory in process, October 1Cost of completed October 1 work in processStarted and completed in OctoberTransferred to Molding Department in OctoberInventory in process, October 31Total costs assigned by the Blending Department2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for directmaterials and conversion between September and October. If required, round your answers to two decimal places.Increase or DecreaseAmount Cost of Production ReportBavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the BlendingDepartment. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the MoldingDepartment, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at October 31:ACCOUNT Work in Process-Blending DepartmentDate ItemOctober 1 Bal., 2,300 units, 3/5 completed31 Direct materials, 26,000 units31 Direct labor31 Factory overhead31 Goods transferred, 25,700 units31 Ball., 2 units, 1/5 completedUnitsCostsCost per equivalent unit:Debit Credit429,000100,56048,480Units charged to production:Inventory in process, October 1Received from materials storeroomTotal units accounted for by the Blending DepartmentUnits to be assigned costs:Inventory in process, October 1Started and completed in OctoberTransferred to Molding Department in OctoberInventory in process, October 31Total units to be assigned costsTotal costs for October in Blending Department?Required:1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Blending Department. If an amount is zero enter "0". If required, roundyour cost per equivalent unit answers to the nearest cent.ACCOUNT NO.Balance BalanceDebitCredit46,368475,368575,928624,408Bavarian Chocolate CompanyCost of Production Report-Blending DepartmentFor the Month Ended March 31?Whole UnitsCostsEquivalent Units Equivalent UnitsDirect MaterialsConversionDirect MaterialsConversionTotal

Name: Received from materials storeroomTotal units accounted for by the Ble
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Received from materials storeroomTotal units accounted for by the Blending DepartmentUnits to be assigned costs:Inventory in process, October 1Started and completed in OctoberTransferred to Molding Department in OctoberInventory in process, October