Step-by-Step Painting prepares and packages paint products. Step-by-Step Painting has two departments: Blending and Packaging....
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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: (Click the icon to view the data from May.) Read the requirements Data table Step-by-Step Painting Production Cost Report - Blending Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion Units Materials Costs O gallons 9,000 gallons 4.000 gallons UNITS 5,000 gallons Units to account for: Beginning work-in-process Started in production 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 0 $ 0 Total units to account for 6,750 1,300 2,000 $ 10,050 Total costs added during May 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: 22 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 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: 3: Click the icon to view the data from May.) Read the requirements Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for Time Remaining: 02:15:53 Next
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