Crafty Paint

prepares and packages paint products.

Crafty Paint

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:

1(Click

the icon to view the data from

May.)

Read the

requirements2.

Requirement 1. Compute the

Blending

Department's equivalent units of production for direct materials and for conversion costs. (Complete all input fields. Enter a "0" for any zero balances.)

Crafty Paint
Production Cost Report - Blending Department (Partial)
Month Ended May 31
		Equivalent Units
	Physical	Direct	Conversion
UNITS	Units	Materials	Costs
Units to account for:
Beginning work-in-process	0
Started in production	9,000
Total units to account for	9,000
Units accounted for:
Completed and transferred out	4,000	4,000	4,000
Ending work-in-process	5,000	5,000	1,500
Total units accounted for	9,000	9,000	5,500

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.)

Crafty Paint
Production Cost Report - Blending Department (Partial)
Month Ended May 31
	Direct	Conversion	Total
COSTS	Materials	Costs	Costs
Costs to account for:
(1) Beginning work-in-process	$0	$0	$0
(2) Costs added during the period	6,750	3,300	10,050
Total costs to account for	$6,750	$3,300	$10,050
(3) Divided by: Total EUP	9,000
Cost per equivalent unit

Costs accounted for:
(4)
(5)
Total costs accounted for

1: Data Table

	Gallons
	Beginning Work-in-Process Inventory	0 gallons
	Started in production	9,000 gallons
	Completed and transferred out to Packaging in May	4,000 gallons
	Ending Work-in-Process Inventory (30% of the way through the blending process)	5,000 gallons
	Costs
	Beginning Work-in-Process Inventory	$0
	Costs added during May:
	Direct materials	6,750
	Direct labor	1,300
	Manufacturing overhead allocated	2,000
	Total costs added during May	$10,050

2: Requirements

1.	Compute the Blending Department's equivalent units of production for direct materials and for conversion costs.
2.	Compute the total costs of the units (gallons)
	a. completed and transferred out to the Packaging Department. b. in the Blending Department ending Work-in-Process Inventory.

(1)

Beginning work-in-process

Completed and transferred out

Costs added during the period

Ending work-in-process

(2)

Beginning work-in-process

Completed and transferred out

Costs added during the period

Ending work-in-process

(3)

Divided by: Total costs accounted for

Divided by: Total EUP

Divided by: Total units to account for

(4)

Beginning work-in-process

Completed and transferred out

Costs added during the period

Ending work-in-process

(5)

Beginning work-in-process

Completed and transferred out

Costs added during the period

Ending work-in-process