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Clayton Paints completed the following production report for the Mixing Department for the month of September 2018: (Click the icon to view the production report.)
Clayton Paints completed the following production report for the Mixing Department for the month of September 2018: (Click the icon to view the production report.) During September, Clayton Paints reports the following in its Finishing Department: (Click the icon to view the information.) Complete a production cost report to assign the Finishing Department's September total costs to units completed and to units in process at the end of the month. Assume Clayton Paints uses the weighted-average method. (Round all cost per unit amounts to the nearest cent. Abbreviation used: EUP = equivalent units of production) . . 20,wUU Total units to account for Data Table 22,000 22,000 Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for 22,000 4.000 4,000 800 22.000 3,600 25,600 26,000 26,000 22,800 Direct Conversion Total Transferred In 8,000 units 18,000 units 22,000 units COSTS Materials Costs Costs Costs to account for: Beginning work-in-process 4,000 units UNITS Beginning Work-in-Process Inventory (20% complete for direct materials; 70% complete for conversion costs) Transferred in from Mixing Department during September Completed and transferred out to Finished Goods Inventory during September Ending Work-in-Process Inventory (20% complete for direct materials: 90% complete for conversion costs) COSTS Work-in-Process Inventory, August 31 (transferred in costs, $16.600: direct material costs, $900; conversion costs, $1,900) Transferred in from Mixing Department during September Direct materials added during September Conversion costs added during September Costs added during the period Total costs to account for Divided by: Total EUF $ 19,400 43,200 12,780 26,260 Cost per equivalent unit
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