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Ceramic Painting prepares and packages paint products. Ceramic Painting has two departments: Blending and Packaging. Direct materials are added at the beginning of the
Ceramic Painting prepares and packages paint products. Ceramic 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 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 input fields. 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.) Ceramic Painting Production Cost Report-Blending Department (Partial) Month Ended May 31 COSTS Direct Materials Conversion Costs Total Costs Costs to account for Beginning work-in-process 0 $ 05 0 Costs added during the period 8668 4,048 12716 Total costs to account for 8068 $ 4,048 12716 Divided by. Total EUP 17334 6096 Cost per equivalent unit 0.50 0.5
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