Paint My World prepares and packages paint products. Paint My World has two departments: Blending and...

    

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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. 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 0 gallons 9,000 gallons 4,000 gallons 5,000 gallons 0 6,750 1,300 2,000 $ 10,050 he Packaging Department, and (b) in the Blending Department equivalent unit in this step, and then by calculating the the total cost. estion. 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: Total units to account for Units accounted for: Physical Units Equivalent Units Direct Materials Conversion Costs Choose from any list or enter any number in the input fields and then continue to the next question. 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. Units accounted for: 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.) Paint My World Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Materials Conversion Costs COSTS Choose from any list or enter any number in the input fields and then continue to the next question. Total Costs Paint My World prepares and packages paint products. Paint My World has two departments: Blending and Packaging. Direct materials the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each proces 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. COSTS Costs to account for: Production Cost Report - Blending Department (Partial) Month Ended May 31 Total costs to account for Cost per equivalent unit Costs accounted for Total costs accounted for Direct Materials Conversion Costs Total Costs Choose from any list or enter any number in the input fields and then continue to the next question. 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. 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 0 gallons 9,000 gallons 4,000 gallons 5,000 gallons 0 6,750 1,300 2,000 $ 10,050 he Packaging Department, and (b) in the Blending Department equivalent unit in this step, and then by calculating the the total cost. estion. 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: Total units to account for Units accounted for: Physical Units Equivalent Units Direct Materials Conversion Costs Choose from any list or enter any number in the input fields and then continue to the next question. 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. Units accounted for: 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.) Paint My World Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Materials Conversion Costs COSTS Choose from any list or enter any number in the input fields and then continue to the next question. Total Costs Paint My World prepares and packages paint products. Paint My World has two departments: Blending and Packaging. Direct materials the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each proces 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. COSTS Costs to account for: Production Cost Report - Blending Department (Partial) Month Ended May 31 Total costs to account for Cost per equivalent unit Costs accounted for Total costs accounted for Direct Materials Conversion Costs Total Costs Choose from any list or enter any number in the input fields and then continue to the next question.

Answer rating: 100% (QA)

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