Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to...

 

  
 

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Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Blending Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in the following step. (Complete all answer boxes. Enter a "0" for any zero balances. Round the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.) COSTS Paint My World Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Conversion Total Materials Costs Costs Costs to account for: Beginning work-in-process Costs added during the period 5700 9789 Total costs to account for 5700 9789 Divided by: Total EUP 9500 0.60 Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Check Answer Data Table Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in May Ending Work-in-Process Inventory (30% of the way through the blending process) Costs Beginning Work-in-Process Inventory Costs added during May: Direct materials Direct labor Manufacturing overhead allocated Total costs added during May CC iRequirements t. nd la a S Print Done 0 gallons 9,500 gallons 6,000 gallons 3,500 gallons $ 0 5,700 2,085 2,004 $ 9,789 - X 1. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. 2. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department. b. in the Blending Department ending Work-in-Process Inventory. Print Done Paint My World prepares and packages paint products. Paint My World has two departments: Blending and Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. The company uses the weighted-average method. Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. (Complete all answer boxes. Enter a "0" for any zero balances.) Paint My World Production Cost Report - Blending Department (Partial) Month Ended May 31 UNITS Units to account for Beginning work-in-process Started in production Total units to account for Equivalent Units Physical Direct Conversion Units Materials Costs 0 9,500 9,500 Units accounted for: Completed and transferred out 6,000 6,000 6,000 Ending work-in-process 3,500 3,500 1,050 9,500 9,500 7,050 Total units accounted for Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Blending Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in the following step. (Complete all answer boxes. Enter a "0" for any zero balances. Round the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.) COSTS Paint My World Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Conversion Total Materials Costs Costs Costs to account for: Beginning work-in-process Costs added during the period 5700 9789 Total costs to account for 5700 9789 Divided by: Total EUP 9500 0.60 Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Check Answer Data Table Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in May Ending Work-in-Process Inventory (30% of the way through the blending process) Costs Beginning Work-in-Process Inventory Costs added during May: Direct materials Direct labor Manufacturing overhead allocated Total costs added during May CC iRequirements t. nd la a S Print Done 0 gallons 9,500 gallons 6,000 gallons 3,500 gallons $ 0 5,700 2,085 2,004 $ 9,789 - X 1. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. 2. Compute the total costs of the units (gallons) a. completed and transferred out to the Packaging Department. b. in the Blending Department ending Work-in-Process Inventory. Print Done Paint My World prepares and packages paint products. Paint My World has two departments: Blending and Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. The company uses the weighted-average method. Data from the month of May for the Blending Department are as follows: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Compute the Blending Department's equivalent units of production for direct materials and for conversion costs. (Complete all answer boxes. Enter a "0" for any zero balances.) Paint My World Production Cost Report - Blending Department (Partial) Month Ended May 31 UNITS Units to account for Beginning work-in-process Started in production Total units to account for Equivalent Units Physical Direct Conversion Units Materials Costs 0 9,500 9,500 Units accounted for: Completed and transferred out 6,000 6,000 6,000 Ending work-in-process 3,500 3,500 1,050 9,500 9,500 7,050 Total units accounted for