Question

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 Process—Blending Department							ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
Mar.	1	Bal., 5,400 units, 1/5 completed					15,984
	31	Direct materials, 216,000 units	626,400				642,384
	31	Direct labor	122,900				765,284
	31	Factory overhead	30,708				795,992
	31	Goods transferred, 217,000 units			?
	31	Bal., ? units, 4/5 completed					?

Answer 1