Read the requirements LOADING... . Requirement 1. Compute the BlendingBlending Department's equivalent units of production...
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Accounting
Read the
requirements
LOADING...
.
Requirement 1. Compute the
BlendingBlending
Department's equivalent units of production for direct materials and for conversion costs. (Complete all answer boxes. Enter a "0" for any zero balances.)
Step-by-Step Painting | ||||
Production Cost Report - Blending Department (Partial) | ||||
Month Ended May 31 | ||||
|
| Equivalent Units | ||
| Whole | Transferred | Direct | Conversion |
UNITS | Units | In | Materials | Costs |
Units to account for: |
|
|
|
|
Started in production | 9,900 |
|
|
|
Beginning work-in-process | 0 |
|
|
|
Total units to account for | 9,900 |
|
|
|
|
|
|
|
|
Units accounted for: |
|
|
|
|
Completed and transferred out | 5,800 | n/a | 5,800 | 5,800 |
Ending work-in-process | 4,100 | n/a | 4,100 | 1,230 |
Total units accounted for | 9,900 | n/a | 9,900 | 7,030 |
Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the
BlendingBlending
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.)
Step-by-Step Painting | ||||
Production Cost Report - Blending Department (Partial) | ||||
Month Ended May 31 | ||||
| Transferred | Direct | Conversion | Total |
COSTS | In | Materials | Costs | Costs |
Costs to account for: |
|
|
|
|
Beginning work-in-process | n/a |
|
|
|
| n/a |
|
|
|
Total costs to account for | n/a |
|
|
|
| n/a |
|
|
|
Cost per equivalent unit | n/a |
|
|
|
Gallons
Beginning Work-in-Process Inventory
0
gallons
Started in production
9,900
gallons
Completed and transferred out to Packaging in May
5,800
gallons
Ending Work-in-Process Inventory (30% of the way through
4,100
gallons
the blending process)
Costs
Beginning Work-in-Process Inventory
$0
Costs added during May:
Direct materials
4,950
Direct labor
1,912
Manufacturing overhead allocated
900
Total costs added during May
$7,762
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