Cost of Production Jonathan has noticed that his production manager has omitted some of the data on the Cost of Production. Determine the missing information. If there is no amount or an amount is zero, enter "0". Round your per-unit computations to the nearest cent, if required. Grainy Goodness Company Cost of Production Report-Mixing Department For the Month Ended March 31 Unit Information Units charged to production: Inventory in process, March 1 2,000 Received from materials storeroom 38,000 Total units accounted for by the Mixing Department 40,000 Units to be assigned costs:     Equivalent Units   Whole Units Direct Materials Conversion Inventory in process, March 1 (40% completed) 2,000 fill in the blank 3c78b2fc602d004_1 fill in the blank 3c78b2fc602d004_2 Started and completed in March 35,000 35,000 35,000 Transferred to Baking Department in March 37,000 fill in the blank 3c78b2fc602d004_3 fill in the blank 3c78b2fc602d004_4 Inventory in process, March 31 (80% completed) 3,000 fill in the blank 3c78b2fc602d004_5 fill in the blank 3c78b2fc602d004_6 Total units to be assigned costs 40,000 fill in the blank 3c78b2fc602d004_7 fill in the blank 3c78b2fc602d004_8 Cost Information Cost per equivalent unit:   Direct Materials Conversion Total costs for March in Mixing Department $40,660 $36,670 Total equivalent units ÷fill in the blank 3c78b2fc602d004_9 ÷fill in the blank 3c78b2fc602d004_10 Cost per equivalent unit $fill in the blank 3c78b2fc602d004_11 $fill in the blank 3c78b2fc602d004_12 Costs assigned to production:   Direct Materials Conversion Total Inventory in process, March 1 $2,200 $600 $2,800 Costs incurred in March     77,330 Total costs accounted for by the Mixing Department     $80,130 Cost allocated to completed and partially completed units:       Inventory in process, March 1-balance     $2,800 To complete inventory in process, March 1 fill in the blank 3c78b2fc602d004_13 1,140 1,140 Cost of completed March 1 work in process     $3,940 Started and completed in March 37,450 33,250 70,700 Transferred to Baking Department in March     $fill in the blank 3c78b2fc602d004_14 Inventory in process, March 31 3,210 2,280 fill in the blank 3c78b2fc602d004_15 Total costs assigned by the Mixing Department     $fill in the blank 3c78b2fc602d004_16             Feedback   Review the format and the steps to complete the Cost of Production Report. February Cost Analysis Determine the cost per unit of direct materials and for conversion for the month of February using the completed data on the Cost of Production. Round your per-unit computations to the nearest cent, if required. Cost Analysis for February - Mixing Department   Amount Equivalent Units Cost per Unit Direct Materials in inventory in process, March 1 $fill in the blank a7ab00faf041055_1 fill in the blank a7ab00faf041055_2 $fill in the blank a7ab00faf041055_3 Conversion costs in inventory in process, March 1 fill in the blank a7ab00faf041055_4 fill in the blank a7ab00faf041055_5 fill in the blank a7ab00faf041055_6     Total cost per unit $fill in the blank a7ab00faf041055_7     Feedback   Look for the dollar amount and number of equivalent units on the Cost of Production Report that pertain to the inventory in process on March 1. Don’t forget that direct materials are added at the beginning of the process and so have all been added to inventory in process on March 1. The conversion costs are only partially complete. March Cost Analysis Determine the cost per unit of direct materials and for conversion for the month of March using the completed data on the Cost of Production. Round your per-unit computations to the nearest cent, if required. Cost Analysis for March- Mixing Department   Amount Equivalent Units Cost per Unit Costs for March: Direct Materials $fill in the blank 511a230bef85fd8_1 fill in the blank 511a230bef85fd8_2 $fill in the blank 511a230bef85fd8_3 Costs for March: Conversion fill in the blank 511a230bef85fd8_4 fill in the blank 511a230bef85fd8_5 fill in the blank 511a230bef85fd8_6     Total cost per unit $fill in the blank 511a230bef85fd8_7     Feedback Mixing Dept. Evaluation After reviewing your work on the February Cost Analysis and March Cost Analysis, assist Jonathan Groat in evaluating the Mixing Department’s performance by answering the following questions: In March, was the Mixing Department’s total cost per unit higher or lower than in February?       For which component was the cost per unit for March higher than in February?       What is most probably your recommendation to Jonathan Groat given your computations?           Feedback   What per-unit costs have increased in March when compared to February? How can you tell what is creating that change? Journal On March 31, using the data provided on the Cost of Production, journalize the entry to move the appropriate amount of cost from the Mixing Department to the Baking Department. If an amount box does not require an entry, leave it blank. Mar. 31   Work in Process-Baking Work in Process-Baking     Work in Process-Mixing Work in Process-Mixing     Feedback

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Cost of Production

Jonathan has noticed that his production manager has omitted some of the data on the Cost of Production. Determine the missing information. If there is no amount or an amount is zero, enter "0". Round your per-unit computations to the nearest cent, if required.

Grainy Goodness Company
Cost of Production Report-Mixing Department
For the Month Ended March 31
Unit Information
Units charged to production:
Inventory in process, March 1 2,000
Received from materials storeroom 38,000
Total units accounted for by the Mixing Department 40,000
Units to be assigned costs:
    Equivalent Units
  Whole
Units
Direct
Materials

Conversion
Inventory in process, March 1 (40% completed) 2,000 fill in the blank 3c78b2fc602d004_1 fill in the blank 3c78b2fc602d004_2
Started and completed in March 35,000 35,000 35,000
Transferred to Baking Department in March 37,000 fill in the blank 3c78b2fc602d004_3 fill in the blank 3c78b2fc602d004_4
Inventory in process, March 31 (80% completed) 3,000 fill in the blank 3c78b2fc602d004_5 fill in the blank 3c78b2fc602d004_6
Total units to be assigned costs 40,000 fill in the blank 3c78b2fc602d004_7 fill in the blank 3c78b2fc602d004_8
Cost Information
Cost per equivalent unit:
  Direct
Materials

Conversion
Total costs for March in Mixing Department $40,660 $36,670
Total equivalent units ÷fill in the blank 3c78b2fc602d004_9 ÷fill in the blank 3c78b2fc602d004_10
Cost per equivalent unit $fill in the blank 3c78b2fc602d004_11 $fill in the blank 3c78b2fc602d004_12
Costs assigned to production:
  Direct
Materials

Conversion

Total
Inventory in process, March 1 $2,200 $600 $2,800
Costs incurred in March     77,330
Total costs accounted for by the Mixing Department     $80,130
Cost allocated to completed and partially completed units:      
Inventory in process, March 1-balance     $2,800
To complete inventory in process, March 1 fill in the blank 3c78b2fc602d004_13 1,140 1,140
Cost of completed March 1 work in process     $3,940
Started and completed in March 37,450 33,250 70,700
Transferred to Baking Department in March     $fill in the blank 3c78b2fc602d004_14
Inventory in process, March 31 3,210 2,280 fill in the blank 3c78b2fc602d004_15
Total costs assigned by the Mixing Department     $fill in the blank 3c78b2fc602d004_16
       
 
 
Feedback
 

Review the format and the steps to complete the Cost of Production Report.

February Cost Analysis

Determine the cost per unit of direct materials and for conversion for the month of February using the completed data on the Cost of Production. Round your per-unit computations to the nearest cent, if required.

Cost Analysis for February - Mixing Department
  Amount Equivalent Units Cost per Unit
Direct Materials in inventory in process, March 1 $fill in the blank a7ab00faf041055_1 fill in the blank a7ab00faf041055_2 $fill in the blank a7ab00faf041055_3
Conversion costs in inventory in process, March 1 fill in the blank a7ab00faf041055_4 fill in the blank a7ab00faf041055_5 fill in the blank a7ab00faf041055_6
    Total cost per unit $fill in the blank a7ab00faf041055_7
 
 
Feedback
 

Look for the dollar amount and number of equivalent units on the Cost of Production Report that pertain to the inventory in process on March 1. Don’t forget that direct materials are added at the beginning of the process and so have all been added to inventory in process on March 1. The conversion costs are only partially complete.

March Cost Analysis

Determine the cost per unit of direct materials and for conversion for the month of March using the completed data on the Cost of Production. Round your per-unit computations to the nearest cent, if required.

Cost Analysis for March- Mixing Department
  Amount Equivalent Units Cost per Unit
Costs for March: Direct Materials $fill in the blank 511a230bef85fd8_1 fill in the blank 511a230bef85fd8_2 $fill in the blank 511a230bef85fd8_3
Costs for March: Conversion fill in the blank 511a230bef85fd8_4 fill in the blank 511a230bef85fd8_5 fill in the blank 511a230bef85fd8_6
    Total cost per unit $fill in the blank 511a230bef85fd8_7
 
 
Feedback

Mixing Dept. Evaluation

After reviewing your work on the February Cost Analysis and March Cost Analysis, assist Jonathan Groat in evaluating the Mixing Department’s performance by answering the following questions:

In March, was the Mixing Department’s total cost per unit higher or lower than in February?

 

 

 

For which component was the cost per unit for March higher than in February?

 

 

 

What is most probably your recommendation to Jonathan Groat given your computations?

 

 

 

 
 
Feedback
 

What per-unit costs have increased in March when compared to February? How can you tell what is creating that change?

Journal

On March 31, using the data provided on the Cost of Production, journalize the entry to move the appropriate amount of cost from the Mixing Department to the Baking Department. If an amount box does not require an entry, leave it blank.

Mar. 31
 
Work in Process-Baking Work in Process-Baking
 
 
Work in Process-Mixing Work in Process-Mixing
 
 
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