Assign Costs to Units Completed and Units In Process

The last step on the production cost report is to determine where the $ $7$ comma $762$ total costs to be accounted for by the Blending Department should be assigned. The costs must be divided between two$$ categories:

bullet The $5$ comma $800$ gallons that have been transferred out to the Packaging Department.

bullet The $4$ comma $100$ partially completed gallons remaining in the Blending $$Department$\text{'}$s ending$$ Work$-$in$-$Process Inventory.

This is accomplished by multiplying the cost per equivalent units of production$($from Step$3)$ times the equivalent units of production$($from Step$2).$ This step must be completed four timesLOADING... to assign direct materials cost to the completed units and the in process units and to assign the conversion costs to the completed units and the in process units. The cost of each input must be assigned to each output or partially completed output. Once$$ again, remember that the total costs to account for must equal the total costs accounted for during the period. $($Round to the nearest whole$$ dollar.$)$

Ceramic Painting

Production Cost Report $-$ Blending Department $($Partial$)$

Month Ended May $31$

Direct

Conversion

Total

COSTS

Materials

Costs

Costs

Costs to account for:

Beginning work$-$in$-$process

$$0$

$$0$

$$0$

Costs added during the period

$4,950$

$2,812$

$7,762$

Total costs to account for

$$4,950$

$$2,812$

$$7,762$

Divided by: Total EUP

$9,900$

$7,030$

Cost per equivalent unit

$$0\mathrm{.}50$

$$0\mathrm{.}40$

Costs accounted for:

Completed and transferred out

Ending work$-$in$-$process

Total costs accounted for