Step - by - Step Painting prepares and packages paint products. Step - by Step...
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Step - by - Step Painting prepares and packages paint products. Step - by – Step Painting 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: E (Click the icon to view the data from May.) Read the requirements. Data table Step-by-Step Painting Production Cost Report - Blending Department (Partial) Gallons Month Ended May 31 Beginning Work-in-Process Inventory O gallons Equivalent Units Started in production 9,000 gallons Physical Direct Conversion Completed and transferred out to Packaging in May 4,000 gallons Ending Work-in-Process Inventory (30% of the way through the blending process) UNITS Units Materials Costs 5,000 gallons Units to account for: Costs Beginning work-in-process Beginning Work-in-Process Inventory $ Started in production Costs added during May: Total units to account for Direct materials 6,750 Direct labor 1,300 2,000 Manufacturing overhead allocated Total costs added during May $ 10,050 Next Step - by - Step Painting prepares and packages paint products. Step - by - Step Painting 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. Step-by-Step Painting Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Total costs to account for Cost per equivalent unit O Time Remaining: 02:16:18 Next 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 reguirements. Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for O Time Remaining: 02:15:53 Next Step - by - Step Painting prepares and packages paint products. Step - by – Step Painting 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: E (Click the icon to view the data from May.) Read the requirements. Data table Step-by-Step Painting Production Cost Report - Blending Department (Partial) Gallons Month Ended May 31 Beginning Work-in-Process Inventory O gallons Equivalent Units Started in production 9,000 gallons Physical Direct Conversion Completed and transferred out to Packaging in May 4,000 gallons Ending Work-in-Process Inventory (30% of the way through the blending process) UNITS Units Materials Costs 5,000 gallons Units to account for: Costs Beginning work-in-process Beginning Work-in-Process Inventory $ Started in production Costs added during May: Total units to account for Direct materials 6,750 Direct labor 1,300 2,000 Manufacturing overhead allocated Total costs added during May $ 10,050 Next Step - by - Step Painting prepares and packages paint products. Step - by - Step Painting 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. Step-by-Step Painting Production Cost Report - Blending Department (Partial) Month Ended May 31 Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Total costs to account for Cost per equivalent unit O Time Remaining: 02:16:18 Next 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 reguirements. Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for O Time Remaining: 02:15:53 Next
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