Carnival Caramel Company makes a high-quality caramel candy. The manufacturing process involves mixing ingredients (Mixing Department) and shaping the processed mixture into 1-pound balls (Shaping Department), which are sold to retail outlets. No additional material is added in the shaping process. The following information is related to production in March:
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Required:
Prepare production cost reports for Mixing and shaping for the month of March. In your calculations, round to two decimal places.