Question: i just need the answer for requirements # 5 Paints by Lucy prepares and packages paint products. The company has two departments: (1) Blending and

i just need the answer for requirements # 5  i just need the answer for requirements # 5 Paints by
Lucy prepares and packages paint products. The company has two departments: (1)
Blending and (2) 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. Data from the

Paints by Lucy prepares and packages paint products. The company has two departments: (1) Blending and (2) 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. Data from the month of May for the Blending Department are as follows: EEB (Click the icon to view the data from May.) Read the requirements Equivalent units in ending work in process, May 31 Multiplied by: Cost per equivalent unit 750 0.63 0.40 Costs assigned to units in ending work in process, May 31 15751 1875 Total costs accounted for 8570 Requirement 5. What is the average cost per gallon transferred out of the Blending Department to the Packaging Department? Why would the company's managers want to know this cost? First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per gallon transferred out of the Blending Department to the Packaging Department. (Round your answer to two decimal places.) Choose from any list or enter any number in the input fields and then continue to the next question? Data Table Gallons: Beginning work in process inventory Started production Completed and transferred out to 9,000 gallons Packaging in May 6,500 gallons Ending work in process inventory (30% of the way through the blending process) 2,500 gallons Costs: Beginning work in process inventory Costs added during May 5,670 Direct materials (dyes) Direct labor Ch Print Done Packaging in May Ending work in process inventory (30% of the way through 6,500 gallons the blending process) 2,500 gallons Costs: 5 Beginning work in process inventony Costs added during May: 5,670 Direct materials (dyes) Direct labor Manufacturing overhead 2,100 $ 8,570 Total costs added during May Print Done a AR 11:27 Read the requirements. Total costs accounted for 8570 Requirement 5. What is the average cost per gallon transferred out of the Blending Packaging Department? Why would the company's managers want to know this cost? ment to the First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per gallon transferred out of the Blending Department to the Packaging Department. (Round your answer to two decimal places.) Average cost per gallon ? Choose from any list or enter any number in the input fields and then continue to the next question. AR @ 11:27 First, identify the labels to compute the average cost per gallon transferred out, then compute the average cost per gallon transferred out of the Blending Department to the Packaging Department. (Round your answer to two decimal places.) Average cost per gallon Why would Paints by Lucy's managers want to know this cost? Managers will want to know this cost to compare it to their cost information when .They may also use the Choose from any list or enter any number in the input fields and then continue to the next question. AR 11:28

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!