Color Explosion prepares and packages paint products. Color Explosion 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: 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.) Color Explosion Production Cost Report - Blending Department (Partial) Data table COSTS Month Ended May 31 Direct Materials Conversion Costs Total Costs Costs to account for: Gallons Beginning Work-in-Process Inventory Started in production 0 gallons 8,500 gallons Beginning work-in-process $ Costs added during the period 0 $ 5,525 0 $ 0 Completed and transferred out to Packaging in May 6,500 gallons 4,047 9,572 Total costs to account for $ 5,525 $ 4,047 $ 9,572 Ending Work-in-Process Inventory (30% of the way through the blending process) 2,000 gallons Divided by: Total EUP 8,500 7,100 Costs $ 0.65 $ 0.57 Beginning Work-in-Process Inventory $ 0 Cost per equivalent unit Costs added during May: Costs accounted for: Direct materials Completed and transferred out Ending work-in-process Total costs accounted for 5,525 Direct labor 1,500 Manufacturing overhead allocated 2,547 Total costs added during May $ 9,572 Help me solve this Etext pages Get more help Print Done Clear all Check answer